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 the 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. #technology #tariffs #news #tech #technews #politics #uk #usa #uknews #politicalnews #ukpolitics #donaldtrump #trump #keirstarmer