PARIS - France’s Senate on Thursday gave final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union.
“France is a sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign.” Political pressure to respond has been growing as local retailers in high streets and online have been disadvantaged; President Emmanuel Macron has said that taxing big tech more heavily is an issue of social justice.
Mr Trump has also imposed new tariffs on imports of EU steel and aluminium – and has threatened punitive duties on cars and auto parts if the two sides fail to reach an overall trade deal.
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