/ world at the moment information/ The EU can be able to ship a “agency retaliatory blow” if the US imposes tariffs on quite a lot of French items, Frankfurter Allgemeine stories, citing an announcement by French Finance Minister Bruno Le Maire. Le Maire famous that Washington’s threats is not going to pressure France to desert the tax on digital firms.
In response to the French tax on digital firms, the US intends to impose punitive tariffs on quite a lot of merchandise from France, resembling champagne, cheese, cosmetics, baggage and porcelain, Frankfurter Allgemeine stories.
French Finance Minister Bruno Le Maire known as the threats from the US unacceptable and mentioned that “this isn’t the habits anticipated of the US in relation to one among its most essential companions”. Le Maire mentioned that if the US imposed tariffs, the EU can be prepared to reply: “If punitive tariffs are launched, the EU can be able to hit again, and that hit can be exhausting.”
Le Maire additionally assured that Washington’s threats is not going to pressure France to desert the digital tax. On this regard, the politician known as to desert mutual threats and punishments. In line with Le Maire, the digital tax meets the necessities of tax equity and isn’t a penalty for US IT firms.
The publication notes that France is able to abandon the digital tax if a worldwide company tax reform is carried out on the worldwide stage. Judging by the most recent indicators, nonetheless, the US will withdraw from the continuing negotiations for such a reform.
Translation: M.Zhelyazkova
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