US Proposes Duties on $2.4 Billion of French Goods Over Tech Tax

The threat of punitive tariffs came after a U.S. government investigation found France's new digital services tax would harm USA technology companies, and will intensify a festering trade dispute between Europe and the United States.

Lighthizer said that the tariffs are justified because of France's digital-services tax imposed on USA technology companies including Google, Facebook, Apple and Amazon.

French wine and cheese are on the list of goods that could be targeted as soon as mid-January, as well as handbags, porcelain, yoghurt and other French products.

French Finance Minister Bruno Le Maire branded the U.S. threat unacceptable and said the French tax did not discriminate against American companies. In a report on Monday local time, U.S. Trade Representative Robert Lighthizer recommended punitive tariffs on 63 product lines with a import value of around U.S. $2.4 billion on French goods.

Meanwhile, President Trump also said on Monday that the USA will restore tariffs on steel from Brazil and Argentina.

Lighthizer also said the Trump administration was also looking into a similar response for such taxes in Austria, Italy, and Turkey.

It said the tax was "unusually burdensome" for United States companies including Alphabet's Google, Facebook, Apple and Amazon.

China Now Requires Facial Scans for Buying a New SIM Card
It follows a 2017 move which required internet platforms to verify a user's true identity before allowing them to post online. But it is used increasingly often in the private sector as well, such as to pay in shops and supermarkets.

"I'm not in love with those (tech) companies, but they're our companies", Trump said Tuesday ahead of a sure-to-be-tense meeting with French President Emmanuel Macron in London.

The Internet Association, which represents tech companies, said France's levy is "one of a growing number of concerning unilateral tax regimes around the world", and advocated for a global solution in response to the announcement. While most of the roughly 30 businesses affected are American, the list also includes Chinese, German, British and French companies. The two struck a compromise in August at a G7 summit in France that would refund USA firms the difference between the French tax and a new mechanism being drawn up through the Organization for Economic Cooperation and Development.

Le Maire told Radio Classique on Tuesday that the USA threat was unacceptable.

If you're running a company that generates more than €750 million in global revenue and €25 million in France, you have to pay 3% of your French revenue in taxes. With talks between Washington and Paris not yielding much result, however, France's Senate gave the final approval for it last month.

"What we want is a plan for worldwide tax that is on the table" at the Organization for Economic Cooperation and Development, Le Maire said.

Trump in August suggested tariffs of up to 100% on French wine and told aides that while he's not generally empathetic with USA tech companies, he believes it should be the US - not any other country - that taxes them, people familiar with internal deliberations said.

Related News:



Most liked

The patriots have already given up veteran K Kai Forbath
The 6-foot-3, 305-pounder was released by the Texans on August 31, and signed to the Texans practice squad on September 2. Seeing that the Patriots now have an open roster spot available, they've signed former Eagles DT Albert Huggins.

Manish Pandey to marry today
She made her movie launching in 2012, in a Tulu Film, TelikedaBolli Side by side she also did TELEVISION commercials. Ashrita Shetty, meanwhile, is a famous actress who is renown for her work in Udhayam NH4 - alongside Siddharth.

Trump, Macron trade jabs over captured ISIS prisoners
Trump said the matter hadn't come up yet but jokingly asked Macron, "Would you like some nice ISIS fighters? ". "Let's be serious. It is true you have current fighters coming from Europe". "It's not yet done". "And it is not done, I'm sorry to say that".

Justin Hartley's Ex Chrishell Shares Cryptic Post Amid Divorce
The post featured a quote from author Nishan Panwar which read, "It's hard to watch people change right in front of you". In videos posted to her Instagram Story one day before the filing, Chrishell was wearing her ring, as well.

'Avatar 2' shares set photo on last day of 2019 filming
Specifically, one fan chose to use Twitter and ask the Avatar Twitter account if the Avatar trailer would be coming any time soon. Kate Winslet , Cliff Curtis, Oona Chaplin, Edie Falco, Brendan Cowell, Michelle Yeoh, and Jemaine Clement are also on board.

Irish 'ISIS Bride' Arrested on Return to Ireland From Turkey
Ms Smith held a moderately lowly characteristic in the Defence Forces nonetheless labored on the kindly Irish Govt jet. More recently, Ms Smith was living in a Kurdish-controlled refugee camp in Syria.

Trump's Attorney Says White House Refuses to Participate in Impeachment Hearings
In fact, Zelensky, has repeated publicly that he felt no pressure to investigate Trump's rival, Biden by the White House. Three contenders are emerging for impeachment articles against Trump, according to major media reports.

Doctor Who season 12 finally has a release date
Tickets go on sale Friday. "Casting a woman won't change it, but I'm quite nervous". The series' regular time slot will be at 8 p.m. on Sundays starting January 5.

Volodymyr Zelensky disputes USA claims of corruption in Ukraine
Reporter: Yet last week President Trump said on live television that Ukrainians are corrupt, and they steal money. During the interview, Zelenskiy said he "never talked to the President from the position of a quid pro quo".

The Internet Is Convinced Meghan Markle Writes Her Instagram Captions
Her remarks had been interpreted as a criticism of the royals for not providing sufficient assist. They included a maple leaf in their message, sparking speculation they were in Canada.

Super Mario Maker 2 Is Getting A Master Sword Power-Up
The Master Sword is only compatible with the Super Mario Bros . theme, and finding it in the world will turn Mario into Link. During the event, players will be ranked by their play time in that course and can collect new stamps and Mii costumes.

Best Nintendo Switch Lite deal in Amazon's Cyber Monday Sale (UK deal)
That's because this PS4 Pro bundle is a lightning deal, which means that it'll only be live for the next few hours at the most. That daily deal promotion will now happen every day throughout the holiday season, ending on Tuesday, Dec. 31.

Lyon bags five as Australia close in on 2-0
He batted superbly in partnerships with Azam and tailender Mohammad Abbas but was all nerves when on the brink of his hundred. Australia were made to work hard for the remaining wickets on day three as Yasir Shah dug in for an unlikely century.

Which? claims Black Friday sales offer few genuine discounts
This deal gets you the 2nd Gen version of Amazon's streamer, which offers even speedier performance than its predecessor. Or now now not it is no shock that Amazon leads the pack - the retailer started its Black Friday offers closing week.

Winter storm to arrive Sunday afternoon, bringing snow, rain, sleet
In Cumberland County, 1.8 inches of snow had fallen in South Portland by 8 a.m., while only 1 inch was reported in Portland. A nor'easter is expected to drop 10 to 20 inches of snow by Tuesday morning from Pennsylvania to Maine.