France vows retaliation over US tariffs against its digital tax
THE French government assured America that the European Union would retaliate if the US makes good its threat to levy US$2
THE French government assured America that the European Union would retaliate if the US makes good its threat to levy US$2.4 billion in tariffs if questions over how US tech companies are taxed are not resolved.
The US Trade Representative Robert Lighthizer is at odds with a digital services tax applied to American companies, he says 'discriminates against US companies,' hitting the revenues Google, Apple, Facebook and Amazon revenues.
American tariffs in response could target sparkling wine, cheeses, handbags and makeup, reported Bloomberg News.
Said French Finance Minister Bruno Le Maire: 'This is not worthy of an ally, and it's not the behaviour we expect from the US toward one of its main allies, France, and more generally, Europe. If there were new US sanctions, the EU would be ready to retaliate.'
Said US President Donald Trump: 'They're American companies. .If they're going to be taxed, the US will tax them.'