WASHINGTON — The Trump administration is proposing tariffs on up to $2.4 billion worth of French imports — from Roquefort cheese to handbags — in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook.
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The Office of the U.S. Trade Representative says France’s new digital services tax discriminates against U.S. companies and says that the tariffs could reach 100%. The agency will accept public comment on the plan through Jan. 6 and hold a hearing Jan. 7.
The French tax is designed to prevent tech companies from dodging taxes by putting headquarters in low-tax European countries. It would impose a 3% annual levy on French revenues of digital companies with yearly global sales worth more than 750 million euros ($830 million) and French revenue exceeding 25 million euros.