[Reuters]The Trump administration on Friday announced additional duties of 25 per cent on French cosmetics, handbags and other imports valued at $1.3 billion in response to France’s digital services tax, but would hold off on implementing the move for up to 180 days. The decision also reflected France’s agreement to defer collection of its 3% tax on digital services. SEE ALSO: Sino-African ties, seen through a Tanzanian businessman's eyesUS Trade Representative Robert Lighthizer first disclosed on Thursday plans to impose new tariffs on French goods with deferred implementation. OECD talks aimed at developing a multilateral solution for taxing digital services have failed to produce any results, with negotiations complicated by the coronavirus pandemic. A spokesman for the European Union told Reuters earlier that Brussels could propose its own solution if the OECD talks failed to produce an agreement.

Source: Standard Digital July 11, 2020 12:00 UTC