Trump Threatens Tech Tariffs and Export Curbs in Digital Tax Retaliation

US President Donald TRUMP has escalated trade tensions with a pledge to impose new tariffs and export restrictions on advanced technology, specifically targeting semiconductors. The move comes as retaliation against digital services taxes imposed by other nations, which Trump claims unfairly target American tech firms while exempting Chinese competitors.

The announcement, made via social media, frames the measures as necessary to protect US technological dominance. "These actions are all designed to harm American technology," Trump stated, emphasizing that China's tech giants receive preferential treatment under current arrangements.

Market analysts are watching for potential Ripple effects across the tech sector, particularly for companies reliant on global semiconductor supply chains. The threat of export restrictions on "highly protected technology and chips" could disrupt production timelines and inventory management for hardware-dependent blockchain projects.