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Trump Imposes 10% Tariff After Court Blocks 100% Threat

6/26/2026

48 7 Full Breakdown

Summary

Trump Threatens Tariffs

U.S. President Donald Trump warned that a country imposing digital tax would face a 100% tariff, threatening French wine tariffs if France dropped its 3% tax.
Canada withdrew its digital tax after Trump warned he would end trade talks.
The Supreme Court ruled his 100% tariffs exceeded Emergency Economic Powers Act authority, prompting Trump to sign a 10% tariff order under 1974 Trade Act for 150 days without congressional approval.

Summary

EU Warns

EU spokesperson warned the bloc would respond quickly to any U.S. unilateral digital services tax tariff.
The EU said it has right to regulate its economy and that the taxes apply to all large firms.
President Donald Trump set a July 4 deadline for a U.S.–EU trade deal that caps imports at a 15 % tariff, while White House officials said the tariff would be filed under Section 301 as part of “Plan B.”

Summary

EU Rushes Tax

EU lawmakers rushed to pass a digital services tax bill before President Donald Trump’s July 4 deadline.
French legislators had proposed doubling the tax from 3 % to 6 % to increase tech firm revenue.
The U.S. Trade Representative warned France, Britain, Austria, Spain and other EU nations of possible retaliatory tariffs over digital taxes.
President Trump said he could reinstate a 25 % tariff on European autos if EU legislators miss the deadline.

Summary

Trump Threatens Tariff

President Donald Trump warned UK of a 100% tariff unless it repealed digital services tax.
The UK's 2% digital services tax, to firms with £500 million revenue, generated £800 million in 2024–25, up from £678 million.
President Donald Trump called the tax punitive and linked it to his AI pledge.
Former President Joe Biden said the tariff threat would damage trade, while a poll recorded President Donald Trump’s economic approval at a low.

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Trump Threatens Tariffs

U.S. President Donald Trump warned that a country imposing digital tax would face a 100% tariff, threatening French wine tariffs if France dropped its 3% tax.
Canada withdrew its digital tax after Trump warned he would end trade talks.
The Supreme Court ruled his 100% tariffs exceeded Emergency Economic Powers Act authority, prompting Trump to sign a 10% tariff order under 1974 Trade Act for 150 days without congressional approval.

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