US could impose 100% tariffs on French goods following France’s tax on tech giants

While French President Emmanuel Macron and U.S. President Donald Trump initially reached a deal on France’s tax on tech giants, the U.S. is moving forward with retaliation tariffs that could be as high as 100% on French goods (wine, cheese, handbags…). In a separate press release, it also recommends new tariffs and says that there could be more investigations into the digital taxes of Austria, Italy and Turkey. “France’s Digital Services Tax (DST) discriminates against U.S. companies, is inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected U.S. companies,” the U.S. Trade Representative says.

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