President Trump and French President Emmanuel Macron agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year, a French diplomat said. “Great discussion with @realDonaldTrump on digital tax,” Macron said Monday in a tweet. Last week, Trump signed a cease-fire with China in phase one of a broader deal aimed at balancing trade between the world’s two largest economies. EU trade commissioner Phil Hogan visited Washington last week for the first time in the job, partly to plead for talks rather than tariffs in disagreements such as the French digital tax. U.S. and EU trade relations started to sour in 2018 when the Trump administration invoked national-security considerations to impose tariffs on steel and aluminum from Europe.

Source: Los Angeles Times January 20, 2020 21:45 UTC