EU Drops Digital Tax Plans, Securing Victory for Trump and US Tech Giants

TigerJul 12, 2025 5:47 AM

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The European Commission has scrapped plans for a digital tax on tech companies like Apple and Meta, aiming to secure favorable terms in trade negotiations with the US.

This reversal follows Trump’s tariff threats against nations imposing digital levies. Instead, the EU proposes new taxes on tobacco, electric waste, and large companies to generate €25-€30 billion annually for post-Covid debt repayment.

The move highlights the EU's strategic shift amid sensitive budget talks and resistance from member states over revenue-sharing.

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