WS #10774
President Trump threatens 100% tariff on goods from any country imposing a digital services tax on US companies, escalating trade tensions and targeting European tech firms. Citi downgrades tech weighting to market weight, citing difficulty for all AI/tech players to win; chip stocks like NVDA, ON Semiconductor fall; Nasdaq 100 drags.
Trump 100% Digital Services Tax Tariff Threat
President Trump threatens 100% tariff on goods from any country imposing a digital services tax on US companies, escalating trade tensions and targeting European tech firms.
Citi downgrades tech weighting to market weight, citing difficulty for all AI/tech players to win; chip stocks like NVDA, ON Semiconductor fall; Nasdaq 100 drags.