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How serious it is to fire President Trump back to France about his new tax on US technology? Perhaps as much as 100 percent.
During his visit in New York’s Hamptons for a fundraiser Aug. 9, the President allegedly told participants he made his thoughts beat in France, where it does perhaps hurt the most – by hitting with a 100-percent tariff on French wine.
The President of the remarks, the two sources of Bloomberg, were a follow-up to a Twitter notification at the end of July, in the Trump, the US planned “significant interactions” against France wrote for their digital tax on American tech.
TRUMP VOWS retaliation TARIFF ON FRANCE, SLAMS ‘STUPID’ TAX ON AMERICAN TECH GIANTS
This week, French President Emmanuel Macron has approved what is considered to be a digital services tax, — a 3-percent levy, the objectives of global companies with an enterprise value of at least 750 million euros ($834 million) and 25 million euros in France. It will be backdated to the beginning of 2019 and will generate up to 400 million euros per year for France.
Trump immediately condemned the French plan.
“If someone you control, it is said your home country, the United States,” Trump tweet.
(President, Trump has allegedly threatened a “100-percent rate” on French wine. (iStock))
Next Monday, the US Trade Representative ‘ s office a public hearing with the American tech leaders about the potential impact of the French tax, the Bloomberg is scheduled to report said. Depending on your comments, the trade chief Robert Lighthizer could recommend that Trump duty on France to impose in the response.
In his July tweet, Trump concluded with the line, “I’ve always said that American wine is better than French wine” – even if Trump has claimed over the years that he never drinks alcohol.
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“It would be wine, it might be something else,” Trump then told reporters about his plan.
Since France is part of the European Union, and it is unclear how Trump could specifically Block the country, to seduce the entire.