US and European Countries Extend Trade Truce on Digital Services Taxes

The United States and five European countries, including Austria, Britain, France, Italy, and Spain, have reached a mutual agreement to extend the trade truce regarding digital services taxes until the end of June 2024. This extension aims to provide additional time for ongoing negotiations concerning international taxing rights that target large, highly profitable corporations. The initial expiration date of the truce was set for the end of 2023, and this arrangement continues the suspension of US retaliatory tariffs linked to the unilateral digital services taxes implemented by these countries.