President Donald Trump took action to respond to the digital service taxes imposed on American companies. The White House announced that President Donald Trump signed a decision to protect American companies from injustices abroad. The statement noted that the Trump administration will consider retaliatory steps such as tariffs against foreign governments’ taxes imposed on American companies, including digital service taxes, fines, practices, and policies. INVESTIGATION DIRECTIVE GIVEN

The statement emphasized that foreign governments would not be allowed to use America’s tax base for their own interests. With this decision, the U.S. Trade Representative has been instructed to renew investigations into digital service taxes initiated during Trump’s first term and to investigate countries that use discriminatory digital service taxes against American companies. The statement conveyed that regulations such as the Digital Markets Act and the Digital Services Act that determine how American companies interact with consumers in the European Union (EU) will be scrutinized by the administration. RESTRICTION ON U.S. INVESTMENTS IN CHINA

Furthermore, President Trump signed a decision aimed at restricting China’s investment in America’s technology, critical infrastructure, health, agriculture, energy, raw materials, and other strategic sectors. The White House’s statement noted that the decision aims to safeguard U.S. national security interests, especially against threats from foreign competitors like China. REGULATIONS FOR HIGH TECHNOLOGY ON THE WAY

The statement indicated that the Committee on Foreign Investment in the United States (CFIUS) will be used to restrict Chinese investments in technology, critical infrastructure, health, agriculture, energy, raw materials, and other strategic sectors. The statement mentioned that new rules will be introduced to prevent the misuse of American capital, technology, and knowledge by foreign competitors like China, allowing only investments that serve American interests. It was also stated that the Trump administration will evaluate imposing new or expanded restrictions on U.S. investments in China, including sensitive sectors such as semiconductors, artificial intelligence, quantum technology, biotechnology, aviation, and others.