Trump Threatens Digital Tax Tariffs
US President Donald Trump threatened to impose additional tariffs and restrictions on technology exports—including semiconductors—on countries that implement digital taxes/regulations deemed discriminatory against US technology companies. The warning was delivered in a post on Truth Social on Monday evening US time.
Trump said the measure would take effect if the digital tax policy was not repealed. He is primarily targeting countries that impose digital services taxes (DST), an issue that has long caused trade friction between the US and various countries, including those in Europe.
Several business media outlets noted that this threat could exacerbate trade tensions and spread to restrict access to advanced technology across borders. Investors consider the risk not only of tariffs but also of potential retaliation from major US trading partners.
This latest statement comes amid a broader tariff policy in 2025, which has previously also hit the imported electronics sector. The market is now awaiting the response of target countries, as well as the technical details of the policy from the White House and US trade authorities.
Market impact predictions (if tariffs and export restrictions are actually implemented):
Gold (XAUUSD): likely to rise due to risk-off sentiment and increased demand for hedging assets as trade tensions escalate. Gains could be limited if US real yields surge.
Silver (XAGUSD): mixed—following the rise as a safe-haven beta relative to gold, but the industrial side of silver could be pressured if global growth prospects weaken due to the trade war.
Oil (Brent/WTI): likely to fall/under pressure due to concerns about weakening global demand and the potential for a stronger USD to make dollar-denominated commodities more expensive outside the US.
DXY (US Dollar Index): likely to strengthen tactically due to safe-haven flows and potential euro/GBP weakness if Europe is affected by DST versus tariffs. However, if the market perceives tariffs as triggering US inflation and depressing domestic growth prospects, gains could diminish. (ayu)
Source: Newsmaker.id
