Our last newsletter imagined it, Trump has confirmed it. The United States is ready for a showdown with European regulation.
His memorandum of February 21, 2025 orders retaliation against foreign taxes and regulations that target American digital companies. It accuses European governments of imposing "discriminatory" rules and of trying to capture a share of American Big Tech's revenues.
Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties
MEMORANDUM FOR THE SECRETARY OF THE TREASURY THE SECRETARY OF COMMERCE THE UNITED STATES TRADE REPRESENTATIVE
What Trump is proposing:
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