US backtracks on move to impose tariffs on French goods
The US had said a French digital services tax would harm Big Tech firms, but it is now probing 10 other countries, including India, Britain and Turkey
08 January 2021 - 11:14
Washington/Paris — The US has indefinitely suspended 25% tariffs on French cosmetics, handbags and other imports it had planned in retaliation for a digital services tax Washington says will harm US tech firms, as it investigates similar taxes elsewhere.
The US Trade Representative’s office (USTR) said on Thursday that the 25% tariffs on imports of the French goods, which are valued at about $1.3bn annually, would be suspended indefinitely...
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