USA proposes tariffs on French products following France's digital tax
It comes amid fresh trade disputes with France, Brazil and Argentina.
Robert Lighthizer said the tariff decision "sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on USA companies".
Paris/London: France and the European Union said on Tuesday they were ready to retaliate if US President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
The agency will accept public comment on the plan until January 6 and hold a hearing on January 7.
If the U.S. decides to move against French goods, the Commission spokesperson said that the European Union "will act and react as one, and will remain united".
Around 30 companies would be affected, including European, Chinese and American firms.
Governments, including Washington, are frustrated that big digital companies can book earnings in low-tax countries such as Ireland regardless of where the end client is.
Le Maire said France will reimburse the tax if the U.S. agrees to the global tax plan.
The tech trade group ITI said it welcomed the administration's decision and urged continued negotiations on worldwide taxes under the auspices of the Organization for Economic Cooperation and Development. "It does not only target USA companies but also Chinese or European companies". "We'll see what happens".
Khloé Kardashian Confused By Caitlyn Jenner Saying They Don't Talk Anymore
TMZ is now reporting that Khloe is confused by Caitlyn's claim they haven't spoken in such a long time, and her assertion that they're currently beefing.
She said farmers are aware of the monumental changes the Trump administration is trying to achieve with China and are focused instead on trying to secure other deals, like the US-Mexico-Canada Agreement, which the three countries completed a year ago but has yet to pass Congress.
"I'm not going to let people take advantage of American companies", Trump said Tuesday.
The three-month truce agreed between Trump and Emmanuel Macron during the G7 summit in Biarritz (France) in August, expired last week. The official announcement of DST also describes it as the "GAFA Tax" and explains that its goal is mainly to "catch contributions of companies who get a significant part of their value from the participation of French located web users".
Another potential threat to the outlook emanating from USA policy is a currency war, in which nations go against their Group of 20 pledges and target foreign-exchange rates for domestic economic benefit.
Lighthizer had also warned that Washington was considering widening the investigation to look into similar taxes in Austria, Italy and Turkey.
Lighthizer said that "strong action" was needed to address this European subsidies, after a WTO compliance report concluded that Europe did not fully terminate the financial aid given to Airbus. The list of French products subject to potential duties includes an approximate trade value of $2.4 billion.
If there is no deal or substantial progress in talks before December 15, tariffs on remaining Chinese imports - including mobile phones, laptop computers and toys - will take effect, Ross told United States business news network CNBC on Tuesday.
"The question being raised is, 'are we really trying to get to a solution with China or is this really all about raising tariffs?'"
Recommended News
-
04 December 2019
Court ruling allows House to enforce subpoenas demanding Trump's tax returns
The ruling from the 2nd Circuit is the third time a federal appeals court has upheld subpoenas for Trump's business records. A 2017 disclosure form showed that Trump had at least US$130 million of liabilities to the bank.
04 December 2019Premiers meet outside Toronto, try to find consensus on dealing with Ottawa
Alberta has received money through the fiscal stabilization program - but the problem raised by critics is, it hasn't received enough.03 December 2019New Nissan boss vows to turn page on financial scandals
Many industry observers are waiting to see how the new management will meet the challenges. Nissan's operating profit plunged 85 percent in the April-September period of this year. -
04 December 2019Rihanna, Tom Cruise and More Stars Stun at the British Fashion Awards
Rihanna stole the show in a mint green satin mini-dress that she wore with matching gloves and a jacket hanging off her shoulders. The Fashion Awards honor the best in British fashion ever year and the event is held by the British Fashion Council .03 December 2019Melania Trump reveals White House Christmas decorations
Those tastes this time around proved to be pretty and polished, if saying very little beyond generalizations about patriotism. Guests entering the East Room are greeted by four star-spangled Christmas trees, adorned with golden eagle toppers.
03 December 2019Vikramaditya Motwane blasts Sandeep Vanga over Hyderabad case, uses Kabir Singh reference
He tweeted, "FEAR is the only factor which can change things radically in society and FEAR should be the new rule". Now every girl within the nation wants a firm guarantee. "I inquire of @warangalpolice to come into action". -
04 December 2019Korean Actor Cha In-ha, 27, Found Dead
A member of the K-pop actor band Surprise U , Cha In-ha, was found dead at his home by his manager, media reported on 3 December. Police are now investigating the cause, and no further details have been disclosed including the location, time, etc.04 December 2019Purdue upsets No. 20 VCU, 59-56, in Emerald Coast Classic
They could get back on track quickly because they are assured of facing a quality opponent in the tournament's consolation game. The loss ended a five-game winning streak to open the year for the Vols, though there remain plenty more games to be played.
03 December 2019Jaguar F-Type Revealed
The facelifted Jaguar F-Type has been revealed, boasting fresh styling and more power for the V8-powered R-badged models. The latter helped to enable the tiny F-Type to hit scale speeds of up to 300 miles per hour (483 km/h). -
04 December 2019Justin Hartley's ex quotes different date of separation amid divorce
However, Hartley and Stause have made several appearances together since that date. "In many ways, they're somewhat fundamentally incompatible", the source added./arc-anglerfish-arc2-prod-jerseyeveningpost-mna.s3.amazonaws.com/public/7YU6VTFO3VA37BK5ZOTXEWFMMU.jpg)
04 December 2019Trump calls Canada ‘slightly delinquent’ for not meeting North Atlantic Treaty Organisation commitments
Some Nato members have condemned Ankara's military operation in Syria to take on the Kurdish militant group. House Speaker Nancy Pelosi to bring up the trilateral agreement for a vote, a vote Trump said would pass.
03 December 2019Disney shows the New Star Wars film early to Rowans Hospice Patient
He told Press Association: "I just want to say the biggest thank you to everyone that has helped to make this happen". In the original Twitter message, the hospice staff made their plea by explaining "time is not on his side".
