U.S. Delays Digital-Tax Tariffs Amid Talks on Broader Deal (1)

The U.S. imposed -- but immediately delayed the implementation of -- tariffs in retaliation for duties that six nations placed on internet companies, allowing time for broader international negotiations on taxes.

The decision, announced Wednesday by the office of the U.S. Trade Representative, delays for up to 180 days levies that would have hit goods coming from Austria, India, Italy, Spain, Turkey, and the U.K. Global talks on a broader solution for taxation of big tech companies are being led by the Organization for Economic Cooperation and Development and the Group of 20.

Read more: Global Negotiators Tussle Over Revenue ...