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Trump will sign memorandum today to counter digital taxes hated by big tech – report

  • February 21, 2025
  • -FCHFX

February 21, 2025 at 02:40PM
Trump expected to sign a fresh memorandum today that would open the door to retaliation for digital services taxes.

Silicon Valley has taken over the White House and the agenda they’re pushing is clear: Don’t get in our way, let us do what we want, where we want. If you’re an investor, that’s a powerful tailwind.

“The memo is not expected to implement tariffs immediately and it does not set a timeline for when such duties might take effect, according to the people familiar.”

Given that detail, I wouldn’t expect it to be an immediate market mover.

Here is the report.

This article was written by Adam Button at www.forexlive.com.

Trump will sign memorandum today to counter digital taxes hated by big tech – report
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