The Presidential Daily Brief

important

  1. Taxes

    US Threatens Tariffs on French Goods

    The Trump administration says it's preparing to levy taxes of up to 100 percent on $2.4 billion in French imports like Champagne, cheese and handbags in response to France's digital services law. The White House claims the measure, enacted in July, unfairly targets major American tech firms like Apple and Google by levying a 3 percent tax on revenue earned in France.

    Is this a done deal? Producers and consumers will have a chance to weigh in on the tariffs in Washington next month, while tech sector representatives are hoping a settlement can still be reached.

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