France to Seek EU Retaliation if U.S. Imposes Sanctions Over Digital Tax

France will immediately seek European Union retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said. The Trump administration announced in July additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France’s digital services tax, but said it would hold off on implementing the move until January.

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