Big Tech commits $42 Billion investment During Trump’s UK Visit

US Big Tech companies have announced a large-scale investment plan worth $42 billion (58 trillion won) coinciding with President Donald Trump’s visit to the UK, according to Polyico. The Trump administration has consistently pushed for the abolition of digital taxes, arguing they unfairly target US companies.

An industry official familiar with the US-UK discussions stated, “we’re looking for relief from trade barriers, like the digital service tax.” This official explained the Trump administration is employing a “carrots and stick” approach when negotiating trade, tariffs, and taxes with the United Kingdom.

Microsoft previously announced that…