Politic > Tech

An offer you can't refuse? Trump slaps France with 25% tariffs, but gives it 180 days to ‘rethink' taxing Apple, Google & others

30 days ago   |   By RT

US President Donald Trump has imposed a 25 percent import duty on French goods in an effort to scuttle the country's digital services tax - making it clear that Paris has several months to rethink cutting into Big Tech's profits.
The tariff would affect some $1.3 billion worth of imported French goods like handbags and cosmetics, the US Trade Representative's office revealed on Friday. However, France has a full 180 days to “ resolve the issue ,” including through multilateral fora like the Organization for Economic Cooperation and Development.
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Death & taxes: Big Tech...
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USTR announces duties on $1.3B in French goods in tax dispute

USTR announces duties on $1.3B in French goods in tax dispute

30 days ago   |   By Politico

The Trump administration announced Friday a 25 percent tariff on $1.3 billion worth of French handbags, cosmetics and soaps in retaliation for a digital services tax on U.S. internet giants, but said it would suspend imposing them for up to six months.
The United States believes the way the French tax is structured unfairly targets large U.S. internet companies like Facebook, Google and Amazon. However, other countries are increasingly determined to find a way to collect revenue from firms that earn billions of dollars in their markets.
A leading U.S. technology group welcomed the action...
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