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.

Source: Taipei Times January 21, 2020 15:56 UTC