Trade
4 years ago

France warns US against digital tax retaliation

Bruno Le Maire
Bruno Le Maire

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French Economy Minister Bruno Le Maire on Monday warned the United States against any retaliation to France’s new digital services tax.

 “If the Americans decide to go ahead and impose sanctions against the digital tax ... in this case we would retaliate,” Le Maire told France Inter radio.

 “If there were to be sanctions, and it is a possibility that we will take sanctions, we would immediately contact the WTO (World Trade Organisation)”, he added.

Le Maire said he had sent a letter on that issue to the US negotiator and was also going to discuss it with US Treasury Secretary Steven Mnuchin by phone.

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