France and EU ready to fight back over U.S. tariff threat on French productsChristian Fernsby ▼ | December 3, 2019
France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said.
European economies French trade
Topics: France U.S. tariff French
French Finance Minister Bruno Le Maire described the U.S. proposals as "unacceptable". "In case of new American sanctions, the European Union would be ready to riposte," Le Maire told Radio Classique.
French junior economy minister Agnes Pannier-Runacher told Sud Radio that France would be "pugnacious" in its dealings with the U.S. on the matter, and that France would not back down on its digital tax plans.
France's 3% levy applies to revenue from digital services earned by companies with more than 25 million euros in French revenue and 750 million euros worldwide. ■