Thursday , July 9 2020

France Promises EU Retaliation After U.S. Trade Threats – The Wall Street Journal, The Wall Street Journal


      

French Finance Minister Bruno Le Maire said the European Union would strike back against the U.S. if President Trump follows through on a plan to impose tariffs on French imports, in what could develop into a trans-Atlantic tit-for-tat on trade.

On Monday, the Trump administration proposed tariffs of up to 100% against $ 2.4 billion of French imports — ranging from cheese and wine to handbags and porcelain — saying the nation’s new digital-services tax unfairly targets US tech companies such as Apple Inc. and Alphabet Inc.’s …   

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