President Donald Trump and France’s President Emmanuel Macron shake arms as they meet, forward of the NATO summit in Watford, in London, Britain, December 3, 2019
Kevin Lemarque | Reuters
French President Emmanuel Macron stated on Tuesday he had a “nice dialogue” with President Donald Trump over a digital tax deliberate by Paris and stated the 2 international locations would work collectively to keep away from an increase in tariffs.
Macron and Trump agreed to carry off on a possible tariffs warfare till the tip of the 12 months, a French diplomatic supply stated, and proceed negotiations on the OECD on the digital tax throughout that interval.
“They agreed to present an opportunity to negotiations till the tip of the 12 months,” the supply stated. “Throughout that point interval, there will not be successive tariffs.”
France determined in July to use a 3% levy on income from digital providers earned in France by corporations with revenues of greater than $28 million in France and practically $832 million worldwide. Washington has threatened to impose taxes on French merchandise in response.
French authorities have repeatedly stated that any worldwide settlement on digital taxation reached throughout the OECD would instantly supercede the French tax.