in the vicinityVideoDairy Bauer throws support behind Trump’s trade war with China
Maryland dairy farmer Randy Sowers says he know trusts the President as a businessman, what he is up against.
President Trump unload on the French government, on Friday, the attack on the quality of the nation’s wine, and swears to take revenge against a tax on American companies.
“France is only a digital control on our great American technology companies. If someone taxes you, it is your home to his country, the USA,” he tweeted.
“We will announce a significant interaction on Macron stupidity short. I’ve always said that American wine is better than French wine!”
SILICON VALLEY MEETS WITH THE NEW DIGITAL TAX IN FRANCE
His comments came after the French President, Emmanuel Macron suggested a 3-percent tax on the revenues of high-performing tech-giants like Facebook and Amazon. The tax applies to companies with more than $834 million in global revenue.
“The United States is very disappointed by France to adopt the decision, which is a digital services tax at the expense of U.S. companies and workers,” White House Deputy Press Secretary Judd Deere said in a statement to Fox News on Friday.
“France’s unilateral action appears to target, innovative US-based technology company providing services in various sectors of the economy … The trump administration has always pointed out that it will not sit idly by and tolerate discrimination against US-based companies. The US trade representative has already a Section 301 investigation in France ‘ s digital services tax, and the administration is a closer look at all of the other instruments.”
The White house announced earlier in July that it has opened an inquiry into whether a threat of a French tax on the technology giant “aims to be wrong for American companies.”
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Trump has long been a version of protectionism, pushed concentrated to punish on the increase in American production and the setting, while Nations such as China, for what he saw as unfair trade practices.
US Trade Representative Robert Lighthizer is pursuing the probe under section 301 of the Trade Act of 1974, which gives him a year to consider the matter. The White house previously used to adopt the law, to return the duties on China, and in the provisions of the bylaws Trump allow to impose retaliatory duties against France if its business practices as unfair and protectionist.
Apple-a large, international tech-giant — drew Trump’s ire on Friday. In a tweet just before the one in France, Trump, Apple warned that it waivers in the tariff, if it has its products in China.
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“Apple will not be given Tariff, waiver of, or relief, for Mac Pro-parts made in China. Make in the USA, no customs!”, he said.
Earlier on Friday, Trump a report on China, tweeted a surplus of goods in the midst of a trade war between him and the United States.
Fox News Gregg Re contributed to this report.