Government of President Donald Trump in July 2020 announced the decision to impose 25 percent tariffs on French handbags and cosmetics, among other items, but suspended collecting the duties until January.
Cédric O says French will not back down on levy despite US threats of trade war and that tax is just tip of the iceberg in terms of new regulations needed to deal with powerful tech giants.
US e-commerce giant Amazon has said it will offset the cost of France's new tax on profits made by online sales of large tech companies by raising fees for French businesses that use its platform to find customers, warning that 'this could put smaller French firms at a competitive disadvantage to their peers in other countries'.
