The United States plans to impose tariffs on $1.3 billion on French goods

category:Finance
 The United States plans to impose tariffs on $1.3 billion on French goods


However, due to the slow progress of negotiations on the digital services tax and the focus of countries on coping with the new epidemic and restarting the economy, the US Treasury Department said in mid June that the US government had proposed to suspend multilateral negotiations on the digital services tax under the framework of the OECD. In response, French Minister of economy and finance Bruno Lemaire said that no matter whether the US side returns to the negotiating table or not, France is determined to introduce a digital service tax this year.

In addition, the US trade representatives office announced on June 2 that the United States has launched a 301 investigation into the digital services tax implemented or being considered by 10 trading partners, including the European Union, the United Kingdom, Italy, Brazil and India.

The so-called 301 investigation originates from section 301 of the United States trade act of 1974. The clause empowers the US trade representative to initiate an investigation into the unreasonable or unfair trade practices of other countries and to recommend unilateral sanctions to the president of the United States after the investigation. (reporter goes up to Xiong Maoling)

British Telecom warns British government: it will take at least five years to remove Huaweis equipment. CCTV 2020s 315 party time announcement: 8:00 p.m. on July 16: bancassurance institutions are prohibited from illegally participating in off-site capital allocation source: Xinhua viewpoint editor in charge: Zhong Qiming_ NF5619