'If anyone's going to take advantage of American companies it's going to be us, it's not going to be France,' Trump said after a U.S. government investigation found a new digital-services tax in France would harm U.S. tech companies
PARIS/LONDON - France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
“They’re American companies. They’re tech companies. They’re not my favorite people, but that’s OK, I don’t care, they’re American companies. And we want to tax American companies. It’s not for somebody else to tax them,” Trump said. On Tuesday, U.S. Commerce Secretary Wilbur Ross said the French tax was a “very radical notion, putting a tax on revenues as opposed to a tax on earnings” and was aimed at raising French revenues to aid its budget deficits.See more stories
Macron’s finance minister called the tariff threat unacceptable and said the EU was primed to respond if the United States imposed the new tariffs.
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