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Macron and Trump declare a truce in digital tax dispute – Source Reuters Tech News

French President Emmanuel Macron speaks during a visit at the AstraZeneca factory in Dunkirk, France January 20, 2020. Denis Charlet/Pool via REUTERS

PARIS (Reuters) – French President Emmanuel Macron said on Monday he had a “great discussion” with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.

Macron and Trump agreed to hold off on a potential tariffs war until the end of the year, a French diplomatic source said, and continue negotiations at the OECD on the digital tax during that period.

“They agreed to give a chance to negotiations until the end of the year,” the source said. “During that time period, there won’t be successive tariffs.”

France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than 25 million euros ($28 million) in France and 750 million euros worldwide. Washington has threatened to impose…

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Source Reuters Tech News

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