Economy

US Treasury Secretary Scott Bessent Challenges EU to Scrap Internet Tax on Tech Giants

US Calls for EU to Abolish Internet Tax

United States Treasury Secretary Scott Bessent made a strong appeal on Tuesday for the European Union to eliminate its controversial internet tax. He emphasized that this policy unfairly targets US technology companies, creating a digital trade barrier that hampers fair competition.

During a press conference held at the White House, Bessent articulated the US stance clearly, stating, "We want to see the internet tax in the EU removed." This statement has raised concerns about a possible escalation in trade tensions between the US and the EU, as both sides navigate the complex landscape of digital economy regulations.