Trump spokesman cautions Australia over latest plan to punish Big Tech

The White House has signalled concerns over Australia's latest plan to clamp down on social media and tech companies, warning that President Donald Trump considers such policies extortionate.

• The White House views social media regulation as a kind of extortion.
• Australia's new laws may be raised in future trade talks.
• The US business association, National Foreign Trade Council, has slammed Australia's tax change.
• The tax change treats revenue from cloud computing and streaming services differently.
• President Donald Trump has made his stance on the issue unequivocally clear.

The National Foreign Trade Council, a US business association, has also criticized Australia's change in tax treatment for cloud computing and streaming services.