France and the US have given themselves two weeks to resolve a bitter trade dispute over a new French digital tax targeting big tech companies such as Google and Amazon, Bruno Le Maire, the French finance minister, said on Tuesday. Mr Le Maire, faced with the imminent prospect of a new round of US sanctions that could subject $2.4bn of French champagne and other products to 100 per cent tariffs, said he and Steven Mnuchin, US Treasury secretary, had “agreed to redouble the effort in the coming days to find a compromise on digital tax in the framework of the OECD”. Read More...
France and the US have given themselves two weeks to resolve a bitter trade dispute over a new French digital tax targeting big tech companies such as Google and Amazon, Bruno Le Maire, the French finance minister, said on Tuesday. Mr Le Maire, faced with the imminent prospect of a new round of US sanctions that could subject $2.4bn of French champagne and other products to 100 per cent tariffs, said he and Steven Mnuchin, US Treasury secretary, had “agreed to redouble the effort in the coming days to find a compromise on digital tax in the framework of the OECD”.
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