U.S. sets and suspends tariffs on six countries over digital taxes

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Reuters

WASHINGTON (Reuters) – The United States on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue. The U.S. Trade Representative’s office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria after a “Section 301” investigation concluded that their digital taxes discriminated against U.S. companies. (Reporting by David Lawder)

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