Taxes in Retaliation for DSTs Could Hit $880 Million in Imports, Including Apparel, Jewelry, Furniture
Even as the U.S. trade representative said she'd rather an international settlement be reached on how to tax digital services companies, she identified
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- 40 Austrian tariff lines, including optical equipment, grand pianos and glassware, worth about $45 million
- 40 Indian tariff lines, including jewelry, furniture, basmati rice and wooden caskets, worth about $55 million
- More than 50 Italian tariff lines, including clothing, shoes and handbags, worth about $140 million
- More than 30 Turkish tariff lines, including ceramic tiles, ceramic tubs and sink basins, carpets and jewelry, worth about $160 million
- More than 50 British tariff lines, including clothing, toiletries, furniture, saddles and toys and games, worth about $325 million
- More than 30 Spanish tariff lines, worth about $155 million per year.
If the U.S. cannot come to an agreement with these countries on how to tax digital services companies in a non-discriminatory way, the notices say all these imports could be subject to additional 25% tariffs. The release, which was published late in the day on March 26, had not yet drawn public reaction from furniture, jewelry, or apparel importers.
The agency is seeking public comments through the end of April, and will hold public hearings in May.