Can Rachel Reeves’ UK tech tax review prevent Donald Trump’s tariffs?

Rachel Reeves is reviewing the UK’s £700m digital services tax (DST) on American tech giants in a bid to avoid Donald Trump’s tariffs. The DST, which was introduced in April 2020, imposed a two per cent levy on UK revenues of major tech leaders like Amazon, Apple and Google. The US previously expressed strong opposition, viewing them as unfairly targeting American businesses, and Trump’s recent tariff imposition has reignited the issue. In the last year, it generated approximately £678m for Britain. Read more of the story here 👇 https://www.cityam.com/reeves-reviews-tech-tax-as-trump-trade-war-fears-mount/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Saskia Koopman, Emmanuel Nwosu, Scarlett Wild