Economy

US Treasury Secretary Bessent Challenges EU to Abolish Internet Tax on American Tech Giants

US Urges EU to Scrap Internet Tax on American Firms

In a bold move that could heighten trade tensions between the United States and the European Union, US Treasury Secretary Scott Bessent has publicly called for the elimination of the EU's internet tax. Speaking from the White House on Tuesday, Bessent argued that the tax unfairly targets US technology companies, creating a digital trade barrier that needs immediate reconsideration.

"We want to see the internet tax in the EU removed," Bessent stated, emphasizing the potential for this issue to escalate into a broader trade dispute between the two economic powerhouses.