ARMISTICE PERIOD IN TRADE WAR BETWEEN FRANCE AND THE UNITED STATES


23/01/2020




Serhat TUNAR -TDO- French economy and Finance Minister Bruno Le Maire has announced an attempt to impose taxes on tech companies such as Google and Faceook for their digital activities in exchange for the United States suspending its retaliatory sanctions.

Speaking to reporters after a meeting with his American counterpart Steven Mnuchin during the Davos meetings, Le Maire announced that Paris was delaying the taxes it plans to bring to American tech giants in the digital sector until December.

At the same time, the French minister pledged not to drop the tax enforcement initiative off the agenda until an international agreement is reached in this area.

In return for the tax France wanted to bring to digital companies, the United States also threatened to impose retaliatory taxes on other products it imported from Paris, such as wine and cheese.

Le Maire and Mnuchin agreed to set a global framework for the taxes that digital businesses would pay.


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