President Donald Trump is set to sign a memorandum that directs the US Trade Representative to develop trade remedies against foreign digital service taxes that target US tech companies, including big players like Alphabet and Meta Platforms. This move is in response to digital service taxes implemented by around 30 countries, which the US sees as discriminatory. While the memorandum does not provide specific details on tariffs or timelines, it suggests that potential retaliatory measures could have an impact on US firms, including those in the crypto sector. The US response to these taxes could trigger broader global trade and tax disputes, potentially affecting blockchain companies and crypto exchanges operating internationally. The evolving regulations around digital service taxes may lead to increased scrutiny and tax obligations for crypto businesses. This could result in added expenses for companies operating across borders, potentially deterring market expansion or forcing exchanges to transfer costs to users, which could reduce trading activity. Previous trade policies have already had an impact on the crypto sector, with previous tariffs triggering significant liquidations in the cryptocurrency market.



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