US Treasury Secretary Steven Mnuchin will oppose France's proposed 3% tax on the revenues of tech firms like Facebook, Amazon, and Google.
The US has set the stage to retaliate against a French tax on Facebook, Google, Amazon, and other American technology giants by implementing punishing tariffs. That could potentially open another front in a global trade dispute that has sprawled over the past year. Trump has separately threatened to slap a tax on auto imports from the EU and lashed out at its central bank for alleged currency manipulation. Visit Markets Insider for more stories.
The US has set the stage to retaliate against a French tax on Facebook, Google, Amazon, and other American technology giants by implementing punishing tariffs. That could potentially open another front in a global trade dispute that has sprawled over the past year. Trump has separately threatened to slap a tax on auto imports from the EU and lashed out at its central bank for alleged currency manipulation. Visit Markets Insider for more stories.
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