Macron and Trump declare a truce on digital tax dispute

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Macron and Trump declare a truce on digital tax dispute
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France and the U.S. have agreed to hold off on a potential tariffs war until the end of the year.

France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than $28 million in France and nearly $832 million worldwide.

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.

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