Trumps new tax bill contains sledgehammer to hit back against foreign digital taxes [Video]

U.S. President Donald Trump would have the power to retaliate against countries that impose special digital service taxes on large U.S. technology companies like Amazon AMZN-T and Alphabet GOOG-Q, under a provision in the sweeping tax bill that Congress is considering.

“If foreign countries want to come in the United States and tax US businesses, then those foreign-based businesses ought to be taxed as well,” said Rep. Ron Estes, a Kansas Republican who helped craft the provision.

Some 17 countries in Europe and others around the world impose or have announced such taxes on U.S. tech products like Meta’s META-Q Instagram. Germany announced on Thursday it was considering a 10% tax on platforms like Google.

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The levies have drawn bipartisan ire in Washington. Democrats who oppose much of the tax bill …