The European Commission is backing France in its trade fight with U.S. President Donald Trump over a digital services tax.
U.S. Trade Representative Robert Lighthizer on Monday night threatened to impose tariffs of up to 100 percent on $2.4 billion worth of French products such as Dom Pérignon and Roquefort cheese over a digital tax that Washington says unfairly targets companies such as Google and Amazon.
Should Trump impose these tariffs on France, “the EU will react in a proportionate manner,” EU trade chief Phil Hogan said Wednesday after a meeting with French Economy Minister Bruno Le Maire in Brussels.
“With regard to the section 301 investigation into the French digital service tax, the Commissioner assured Minister Le Maire that this is a European matter,” Hogan said in a statement sent to POLITICO. “As in all trade-related matters, the EU will actRead More – Source