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U.S. moving to impose retaliatory tariffs on countries taxing digital goods

The U.S. plans to enact new retaliatory tariffs on nations that tax digital goods from American internet companies, including those that tax App Store purchases.
The Office of the United States Trade Representative (USTR) has proposed tariffs that are approximately equal to taxes that various countries are requiring of international tech companies.
Bloomberg estimates that the total annual value of the duties reaches $880 million.
The USTR s retaliatory tariffs would tax imports as much as 25% annually from a list of countries that includes the U.K, India, Spain, Italy, Turkey, and Austria.
The countries currently charge anywhere from a 2% to 5% tariff on digital-services revenue for various online activities. Details vary by country but apply to income from online areas like digital marketplaces, advertising, software-as-a-service, social media, and search engines. ....

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Olive Union Raises $20M to Expand into Digital Hearing Therapeutics

Olive Union Raises $20M to Expand into Digital Hearing Therapeutics
Olive Union - the company making smarter hearing health a reality for everyone - today announced the closing of a $7M Series B. The round, led by Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation, closes as Olive prepares to ship its new FDA-registered Olive Pro 2-in-1 true wireless earbuds and smart hearing aids later this year. With the current round and cumulative $20M in lifetime funding, Olive plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology. ....

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LG quits the 'incredibly competitive' smartphone business

LG is to close its entire mobile business unit by July 31, and concentrate instead on components, connected devices, and smart homes.
As expected following a $4.4 billion loss in 2020, LG has announced that it is to abandon the smartphone market. Other than what it describes as inventory of some existing models, all LG smartphones will cease to be sold after July 31.
LG Electronics Inc. (LG) announced that it is closing its mobile business unit, said the company in a statement. The decision was approved by its board of directors earlier today.
LG s strategic decision to exit the incredibly competitive mobile phone sector, it continued, will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services. ....

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Facebook, Apple quarrel over documents in Epic Games v. Apple dispute

Facebook is refusing to produce additional documents in the Epic Games versus Apple App Store legal dispute despite continued requests from the iPhone maker. ....

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Amazon's best Apple Watch deal drops Series 6 to $319 ($80 off)

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These partnerships do not influence our editorial content.
Thanks to a bonus in-cart discount, Amazon s $319.99 price for the Series 6 in red delivers the best Apple Watch deal this Thursday.
Fresh Apple Watch markdown
$80 discount on the 40mm GPS model in the stylish (PRODUCT)RED color.
This discounted $319.99 price is thanks to a $30 instant rebate stacked with $49.01 in bonus savings during checkout. To confirm the promotional price, look for an in-cart savings message in green on the Apple Watch product page as well as during checkout.
According to the ....

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