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US Threatens Huge Tariffs on French Goods Over Digital Tax


Added 12-03-19 11:42:02am EST - “Rates could reach 100 percent on wine, cheese, handbags” - Infowars.com

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Posted By TheNewsCommenter: From Infowars.com: “US Threatens Huge Tariffs on French Goods Over Digital Tax”. Below is an excerpt from the article.

The EU is “ready to respond” to US threats to impose tariffs of up 100% on French imports, including wine and cheese.

After French lawmakers voted to impose a tax on large tech companies, the US warned it would fire back with tariffs on goods imported from France.

On Monday, the Office of the US Trade Representative said the tariffs could target $2.4 billion (€2.2 billion) in imports, including cheese, wine, and handbags. The rate could also reach 100%.

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The French digital tax aims prevent tech companies from dodging taxes by reporting their earnings in low-tax EU countries. The measure would hit a total of 30 companies from various countries, including China, Germany, and the UK. However, most of the targeted companies are US-based, including Google, Amazon and Facebook.

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