First France went after Google and Amazon with a fresh set of taxes. On Monday, President Trump threatened to retaliate against two beloved French exports: Champagne and cheese
This latest global trade dispute pits Trump against a long-standing ally, months after France approved a “digital services tax” aimed at making major U.S.-based tech companies like Google, Apple, Facebook and Amazon fork over more revenue.The issue had been on the backburner since August, after Trump and French President Emmanuel Macron agreed to a 90-day truce while they tried to reach a long-term agreement on how tech companies should be taxed. That deadline passed last week without a deal.
The latest salvo threatens to further strain relations with France and other European countries during Trump's most acrimonious tech relationship is with Amazon and its CEO, Jeff Bezos, whom he has repeatedly bashed on Twitter. The president’s criticism is often related to coverage in the Bezos-owned Washington Post. He also has attacked Amazon for not paying state and local taxes, even though it has in recent years.
at European regulators’ antitrust and tax investigations of big tech companies, though his administration has launched similar probes.His message seems to be: “We can beat up on our own tech firms, but foreigners keep your hands off.”Trump’s chief trade official, Robert Lighthizer, is threatening France with 100 percent tariffs on up to $2.4 billion worth of French products — including Champagne, cheeses, handbags, soaps and fine dinnerware. He also said the U.S.
The U.S. stopped using it after the nations agreed in the mid-1990s to create a global overseer of trade — the World Trade Organization — and. But Trump has revived use of the 1974 law, even though it appears to be at odds with WTO rules against unilaterally raising tariffs. [The administration is separately undercutting the WTO’s ability to settle disputes.]
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