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Trump Suspends Tariff Action on French Goods on Digital Tax (2)

Jan. 7, 2021, 7:09 PM

The U.S. will suspend a plan to hit $1.3 billion of French goods with tariffs in retaliation for the European country’s tax on the revenue of global tech companies -- many of them American -- de-escalating the transatlantic trade dispute just two weeks before President Donald Trump leaves office.

“The U.S. Trade Representative has decided to suspend the tariffs in light of the ongoing investigation of similar DSTs adopted or under consideration in 10 other jurisdictions,” it said in a statement Thursday, referring to digital services taxes. “A suspension of the tariff action in the France DST investigation will promote ...