US Retaliates Against UK Over Digital Services Tax Dispute

US Retaliates Against UK Over Digital Services Tax Dispute
Shipping containers are stacked at Southampton Docks in Southampton, England on Nov. 20, 2018. Matt Cardy/Getty Images
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The Biden administration has threatened to impose 25 percent tariffs on British exports to the United States in retaliation for a UK digital services tax (DST) on major technology companies that came into effect on April 1.

Its aim is to raise around £236 million ($325 million) per year, which is the estimated equivalent of the damage imposed by UKs DST.

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