Washington has threatened to impose duties of up to 100 percent on imports of champagne, handbags and other French products worth $2.4 billion after a U.S. government investigation found the French tax would harm U.S. technology companies.
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22 Views | the publication reaches you by | Bulgarian Business Club“If the Americans decide to go ahead and impose sanctions against the digital tax … in this case we would retaliate,” Le Maire told France Inter radio.
Le Maire said he had sent a letter on the issue to U.S. trade negotiator Robert Lightizer and was also going to discuss it with U.S. Treasury Secretary Steven Mnuchin by phone.
“If the U.S were to decide to impose trade sanctions against the EU over the French Digital Services Tax, it would deeply and durably affect the transatlantic relationship at a time when we need to stand united”, the minister wrote in the letter seen by Reuters.
Le Maire also said in the letter that France was “in touch with the European Commission and other EU Member States on the subject” and that they were “contemplating the various options to defend our trade rights in a proportionate and determined manner, as we have in the past,” .
Paris has long complained about U.S. digital companies not paying enough tax on revenues earned in France.
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27 Views | the publication reaches you by | Bulgarian Business Club
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