The Biden administration is implementing that plan of Trump

0 8
Avatar for Rkking1234
3 years ago
Sponsors of Rkking1234
empty
empty
empty

The United States has threatened to impose a tax on 25 percent of products imported from the United Kingdom this time around, imposing a tax on US technology companies. According to a list released by the Biden administration, tariffs will be levied on UK ceramics, makeup, overcoats, games consoles and furniture. In 2020, the United Kingdom exported 16 million pounds of ceramics products to the United States. Before Corona in 2019, which was even more, 24 million pounds. This information was given in a report of BBC online.The United States has set a target of 325 million in revenue by imposing the new tariff. The United Kingdom is earning the same amount of revenue by imposing taxes on US technology companies. The tax was initiated by former President Donald Trump in retaliation for the United Kingdom. The Biden administration is taking it forward this time.A spokesman for the UK government said: "We want to make sure that technology companies pay their fair share of taxes. If the United States moves forward to implement these measures, we will consider all options to protect the interests of the United Kingdom and the industry. "On the other hand, a hearing has already been called in Washington to finalize the list. The United States has described the UK tax on US technology companies as unreasonable, discriminatory and burdensome. The United States also has laws to impose internal political pressure on the United Kingdom and other countries to impose such taxes.India, Austria and Spain are taking similar steps against similar taxes. However, no action has been taken against the European Union.

On December 4, the United Kingdom and the United States discussed digital service tariffs. UK government sources insisted the tariff list was being reviewed rather than increased.

1
$ 0.00
Avatar for Rkking1234
3 years ago

Comments