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U.S. suspends tariffs on French luxury items over digital services tax

The United States has scrapped a new tariff on French goods in retaliation for a digital services tax. Goods including cosmetics, handbags and luxury items would have been subject to a 25 percent import tax. The U.S. is investigating the digital tax which it says could harm its native tech companies. Many European nations view a digital service...

Jan 8, 2021