Daily Tax Report: International

Macron Says Deal Struck With U.S. on Taxing Tech Giants (2)

Aug. 26, 2019, 2:55 PMUpdated: Aug. 26, 2019, 5:37 PM

Donald Trump and Emmanuel Macron’s governments have struck a deal to end a feud over France’s tax on some tech giants, the French president said.

“We have reached a very good agreement,” Macron said at a joint news conference with Trump at the conclusion of the Group of Seven summit in Biarritz, France.

Trump had threatened to impose tariffs on French wine imports in response to France’s planned tax. He didn’t directly answer when asked to confirm the deal, instead joking that “I can confirm the first lady loved your French wine.”

Macron said the agreement will avert potential wine...

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