CNET: France and Trump agree temporary truce on digital tech tax

CNET: France and Trump agree temporary truce on digital tech tax. “France and the US have agreed to a temporary truce over the European country’s tax on digital technology companies. The 3% tax, introduced by France last year, applies to companies with revenues of more than 25 million euros ($28M) in France and 750 million euros ($832M) worldwide. It attracted the ire of US President Donald Trump, who interpreted it as a direct attack on the success of US tech giants. He threatened to retaliate by imposing tariffs on French goods, including Champagne and handbags, imported to the US.”

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