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IPFS News Link • Tariffs

Trump Goes After French Wine In Response to France's Digital Service Tax

• by Mish

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France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!

Please consider Trump Targets French Wine While Threatening 'Substantial' Retaliation Against France for Digital Tax.

Earlier this month, France passed a 3% tax that will affect firms such as Facebook and Google that draw about $28 million or more in revenue from digital services in France. The Trump administration then started an investigation under Section 301 of the Trade Act of 1974.