US proposes duties on US$2.4b of French goods over tech tax


Trump in August suggested tariffs of as much as 100% on French wine and told aides that while he’s not generally empathetic with U.S. tech companies, he believes it should be the U.S. -- not any other country -- that taxes them, people familiar with internal deliberations said.

PARIS: France’s government said the European Union would retaliate if the US follows through on a threat to hit about US$2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed.

"It’s not worthy of an ally, and it’s not the behavior we expect from the U.S. toward one of its main allies, France, and more generally, Europe, ” French Finance Minister Bruno Le Maire said on Radio Classique on Tuesday. "If there were new U.S. sanctions, the EU would be ready to retaliate.”

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