US Tariffs On France To Take Effect In Digital Tax War
By Alex M. Parker (January 5, 2021, 8:09 PM EST) -- The U.S. is set to enact 25% tariffs on a range of French products Wednesday, including handbags and makeup, in retaliation for the country's 3% digital services tax on certain types of online revenue.
Tariffs against French goods set up by the administration of President Donald Trump, as retaliation for France's digital services tax, are set to be enacted Wednesday. (AP Photo/Evan Vucci) The administration of outgoing President Donald Trump has said it views the tax, which only applies to companies with revenue from digital services of €750 million ($922 million), as a levy targeted at the U.S. tech sector. A majority of...
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