Hypocrisy! France bemoans US trade tariffs; France wants British trade tariffs
Wednesday, 4 December 2019 France is upset that the US is thinking about imposing trade tariffs on French cheese, fizz, make-up and handbags. France wants to tax US business. A US ruling into French plans tells us:
The U.S. Trade Representative has completed the first segment of its investigation under section 301 of the Trade Act of 1974 and concluded that France’s Digital Services Tax (DST) discriminates against U.S. companies, is inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected U.S. companies. Specifically, USTR’s investigation found that the French DST discriminates against U.S. digital companies, such as Google, Apple, Facebook, and Amazon
Messy. And hypocritical of the French, mais no? If France believes tariffs are wrong, it should argue for free trade deal between the EU and the the post-Brexit UK. But it isn’t.
The U.S. government may hit France with punitive duties of up to 100 percent on $2.4 billion in imports. According to Reuters, this would include Champagne, handbags, cheese and other products. The announcement came after concluding that France’s new digital services tax would hurt U.S. tech...
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