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Investing.com -- Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg met with U.S. President Donald Trump last week to discuss concerns about digital service taxes, according to a Bloomberg News report published Thursday.
The private meeting appears to have had an impact, as Trump subsequently threatened countries with "additional tariffs" on their goods if they do not remove digital tax legislation.
Many countries, particularly in Europe, have implemented taxes on sales revenue from digital service providers, including Meta, Alphabet’s Google (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN).
This issue has been a persistent trade irritant across multiple U.S. administrations.
The Trump administration is also considering imposing sanctions on European Union officials responsible for the Digital Services Act, based on complaints that it censors Americans and creates costs for U.S. technology companies.
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