Explainer: Macron's quest for an international tax on digital services
Tuesday, 3 December 2019 () The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm U.S. technology companies.
U.S. President Donald Trump has threatened to hike up U.S. tariffs on French products at a NATO summit that marked a new low in U.S.-French relations. France and Brussels said they stood ready to retaliate if so. Lucy Fielder reports.
Britain is to press ahead with a digital services tax, even after a similar measure in France led the U.S. to threaten punitive tariffs. Julian Satterthwaite reports.
Britain is to press ahead with a digital services tax, even after a similar measure in France led the U.S. to threaten punitive tariffs. Julian Satterthwaite reports.
The US might impose a 100% tariff on $2.4 billion in French products in response to France's 3% tax on digital-services compa -More- SmartBrief Also reported by •Reuters •France 24
U.S. President Donald Trump's administration threatened to impose duties of up to 100% on French imports worth $2.4 billion after it concluded a tax on digital... Reuters