Trump Threatens ‘Substantial’ Tariffs on Countries With ‘Digital Taxes’ That Could Affect His Crypto Business

AP Photo/Evan Vucci

President Donald Trump threatened to impose “substantial, additional tariffs” on countries that tax and regulate U.S. technology on Monday.

“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies,” wrote Trump in a Truth Social post. “Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology. They also, outrageously, give a complete pass to China’s largest Tech Companies. This must end, and end NOW!”

He continued:

With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country’s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips. America, and American Technology Companies, are neither the “piggy bank” nor the “doormat” of the World any longer. Show respect to America and our amazing Tech Companies or, consider the consequences! Thank you for your attention to this matter.

Trump’s own family is deeply invested in cryptocurrency, having founded the World Liberty Financial cryptocurrency company in 2024 and launched the $Trump coin in January.

President Trump is listed on the company’s website as “co-founder emeritus,” while his sons Donald Trump Jr., Eric Trump, and Barron Trump are listed as co-founders.

In May, The Wall Street Journal raised concerns over Trump’s billion-dollar cryptocurrency business, comparing it to Hunter Biden’s artwork sales during the Biden administration.