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Trump administration threatens 100% tariffs on $2.4 billion in French goods

The Trump administration said late Monday it is considering imposing tariffs up to 100% on around $2.4 billion of French goods in retaliation for France's new tax on digital services. In a statement, the U.S. Trade Representative's office said the French law "discriminates against U.S. companies" including Alphabet's Google, Apple Inc. , Facebook Inc. , and Amazon.com Inc. . "The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies," Trade Representative Robert Lighthizer said in a statement, adding that Austria, Italy and Turkey could also be subject to retaliation for their digital services taxes. The USTR said it is seeking public comment and will hold a public hearing in early January regarding the proposed action. Read More...

The Trump administration said late Monday it is considering imposing tariffs up to 100% on around $2.4 billion of French goods in retaliation for France’s new tax on digital services. In a statement, the U.S. Trade Representative’s office said the French law “discriminates against U.S. companies” including Alphabet’s Google, Apple Inc. , Facebook Inc. , and Amazon.com Inc. . “The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies,” Trade Representative Robert Lighthizer said in a statement, adding that Austria, Italy and Turkey could also be subject to retaliation for their digital services taxes. The USTR said it is seeking public comment and will hold a public hearing in early January regarding the proposed action.

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