Latest days Trump Tweeted on this account that he will impose tariffs on the EU. France digital tax is inconsistent with prevailing principles of international tax policy in American eyes. EU said they are ready to give the punch back by imposing tariffs on the French products.
After first words they are planning to raise duties up to 100% ($2.4 billion) on the champagne, handbags, cheese and other products.
The main reason for duties is new digital tax that harms U.S. tech companies. France said that is no chance that they will cancel the tax which raised their revenues by more than 25 million euros ($27.86 million). Tax raised revenues of government by 750 million euros ($830 million) worldwide.
