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Trump on course for new trade war with France over plans to slam US tech firms with giant new taxes

US President Donald Trump has ordered an investigation into French plans to tax tech firms hundreds of millions of dollars. Trump is worried that France’s new digital-services tax, which would place a 3% levy on the French revenue of firms like Amazon, unfairly targets US companies. The US could retaliate against the tax, which might…

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Trump on course for new trade war with France over plans to slam US tech firms with giant new taxes

Jake Kanter

  • US President Donald Trump has ordered an investigation into French plans to tax tech firms hundreds of millions of dollars.
  • Trump is worried that France’s new digital-services tax, which would place a 3% levy on the French revenue of firms like Amazon, unfairly targets US companies.
  • The US could retaliate against the tax, which might spark a new trade war with France. The French finance minister said differences should be resolved “through means other than threats.”
  • Trump’s move marks something of a change in tone for the president, who has spent weeks attacking America’s biggest tech firms.
  • Visit Business Insider’s homepage for more stories.

US President Donald Trump has ordered an inve

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