BloombergFrench President Emmanuel Macron and US President Donald Trump on Monday agreed to a truce in their dispute over digital taxes that would mean neither France nor the US would impose punitive tariffs this year, a French diplomat said. “Great discussion with @realDonaldTrump on digital tax,” Macron said in a tweet. The US objected, alleging on Dec. 2 that the French tax discriminates against US technology companies, citing Section 301 of a 1974 US law that Trump has thus far reserved to justify tariffs against China. That opened the door to the US’ threat to hit US$2.4 billion of French goods with tariffs in retaliation. Among the French products targeted with duties of as much as 100 percent were luxury items such as wine, cheese and makeup.
