e.u. revenues brussels hopes the tax will raise five billion euros a year tech giants already pay disproportionately low taxes and the money they earn isn't accounted for in president trump's favorite obsession the u.s. trade deficit. he claims the e.u. has a one hundred fifty one billion dollar trade surplus with the united states but its calculations only look at the exchange of goods taking into account all monetary flows including services and revenues of multinational corporations the e.u. chalks up a deficit of fourteen billion dollars although e.u. officials say the digital tax would create more fairness their u.s. counterparts have already signaled that they would interpret it as an attack on america. well let's bring in our financial correspondent names who are to new york for more on this now again what's the sense that do americans feel like europe is stepping on their toes when it comes to this proposal. i would so so yes and that has not just started with u.s. president to donald from but also the obama administration actually complain that the regulatory correct down against them silic

e.u. revenues brussels hopes the tax will raise five billion euros a year. tech giants already pay disproportionately low taxes and the money they earn isn't accounted for in president trump's favorite obsession the u.s. trade deficit. he claims the e.u. has a one hundred fifty one billion dollar trade surplus with the united states but its calculations only look at the exchange of goods taking into account all monetary flows including services and revenues of multinational corporations the e.u. chalks up a deficit of fourteen billion dollars although e.u. officials say the digital tax would create more fairness their u.s. counterparts have already signaled that they would interpret it as an attack on america. well as for him a financial correspondent names who are to a new york for more on this now again what's the sense that do americans feel like europe is stepping on their toes when it comes to this proposal. i would so saw yes and that has not just started with u.s. president to donald trump but also of the obama administration actually complain that th