There is a big argument between the US and Europe about taxes. The US president, Donald Trump, is angry with some European countries. He says they will have to pay a high tax if they tax American companies. These companies make a lot of money in Europe but do not pay much tax. The European countries say they have the right to tax these companies. They think it is fair that they pay some tax in the country where they make their money.
The US and Europe have a trade agreement that helps them trade with each other. But now, the US president is saying that if they tax American companies, they will have to pay a high tax on all the things they sell to the US. This is a big problem for the European countries because they make a lot of things that they sell to the US.
The European countries are saying that they will not be scared by the US president's threats. They think it is fair to tax American companies and they will keep doing it.
