The European Commission has opted to shelve its proposals for a digital tax on tech companies, a move hailed as a substantial triumph for American tech behemoths like Apple and Meta Platforms. According to recently disclosed documents, amidst pivotal EU-US trade negotiations, the EU has excluded the digital tax provision from its seven-year budget blueprint commencing in 2028. Top-level EU officials are presently embroiled in high-stakes budget deliberations, with the unveiling of the plan looming just days away. This strategic shift represents a notable reversal for the EU, considering that as recently as May, the 27 EU commissioners were actively deliberating on the possibility of repaying EU debt through a tax on tech giants. Analysts speculate that the EU's action might be an attempt to secure more advantageous trade conditions with the US, following President Trump's threat to impose retaliatory tariffs on nations enforcing digital tax measures.