Trump will sign memorandum today to counter digital taxes hated by big tech – report

Trump expected to sign a fresh memorandum today that would open the door to retaliation for digital services taxes.

Silicon Valley has taken over the White House and the agenda they’re pushing is clear: Don’t get in our way, let us do what we want, where we want. If you’re an investor, that’s a powerful tailwind.

“The memo is not expected to implement tariffs immediately and it does not set a timeline for when such duties might take effect, according to the people familiar.”

Given that detail, I wouldn’t expect it to be an immediate market mover.

Here is the report.

This article was written by Adam Button at www.forexlive.com.