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US President Donald Trump’s war on Chinese technology firms has changed the ground rules for global business, underscoring a new political reality that could have negative repercussions for American firms.
Electric car manufacturer Tesla has filed a lawsuit against US President Donald Trump's administration, aiming to end what it calls "unlawful" tariffs imposed on certain parts imported from China.
France accused the United States on Sept 9 of seeking to undermine international talks to update cross-border taxation for the digital age and urged Europe to prepare an EU tax if the negotiations fail.
A key supplier to Apple Inc and a dozen other tech giants plans to split its supply chain between the Chinese market and the United States, declaring that China’s time as factory to the world is finished because of the trade war.
India's plan to regulate "non-personal" data has jolted US tech giants Amazon, Facebook and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters.
US president Trump’s latest demand is for either the Chinese sellers or the American buyers of TikTok’s US operations to pay the US Treasury a fee based on the sale price, even though it wasn’t clear under what authority he could demand the money.
The United States plans to announce further details in the long-running battle with France over taxes on technology giants including Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc.
Trade between the neighbours was already declining before recent border clashes. Chinese presence in Indian supply chains could be targeted by tariffs and other measures.
France will apply taxes on digital services this year whether the United States returns to negotiations on the issue or not, Finance Minister Bruno Le Maire said on June 18.
US Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they failed to make any progress, US Trade Representative Robert Lighthizer said on June 17.