Loading ...France Vows Retaliation Over $2.4 Billion U.S. Tariff Threat
France’s government said the European Union would retaliate if the U.S. follows through on a threat to hit about $2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed.
The decision by the office of the U.S. Trade Representative marks a setback for efforts to stop a conflict over a digital services tax. The levy, which the USTR says “discriminates against U.S. companies,” would hit the revenues of large tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc.
The American tariffs in response could target sparkling wine, cheeses, handbags and makeup.
https://finance.yahoo.com/news/u-proposes-duties-2-4-232736141.html