EU backs down on Big Tech tax ahead of US trade deal

The European Union has dropped its plan for a tax on Big Tech firms, likely as part of attempting to secure a more favorable trade deal with Trump.Negotiations are being held in Brussels over EU tax proposals as well as a US deal — image credit: European UnionWhile Trump has dramatically fallen short of his promised 90 deals in 90 days, he has managed ones with the UK, Vietnam, and also China. Trump's administration is now negotiating with other countries and regions including the European Union, with the his latest moving deadline for deals being August 1, 2025.Ahead of any EU/US deal, Politico has reported that the European Commission has cancelled a proposed digital tax. This was originally part of the EU's proposed taxes that would bring it income over its next seven-year spending program. Continue Reading on AppleInsider | Discuss on our Forums