The European Commission put out a plan to collect EUR 5 billion by taxing a significant, non-trivial 3 percent on digital products made by U.S. technology companies. Story found here (Reuters). Image source: CNN This will take a bite out of companies like Apple $AAPL. Others facing the tax include: Amazon $AMZN Twitter $TWTR Alphabet $GOOG $GOOGL Facebook $FB Amazon’s about to be EU’d. Look for profit margins evaporating. Euro: $FXE, Invesco CurrencyShares Euro Currency Trust / H1 Though the EU actually started the trade war long before Trump even made this a “thing,” Trump may respond harshly. Look for a reciprocal tax against the EU. Already, the U.S. is looking at taxing European-made automobiles. Who loses most in this trade war? The EU.