France and EU ready to retaliate US penalty threat on $2.4 billion French goods
On Tuesday, December 3, the French government announced that the European Union and France are ready to retaliate if the United States proposed tariffs of up to 100 per cent on $2.4 billion worth French goods come into effect.
The Trump administration on Monday, December 2, announced to impose harsh penalties on France as its new digital services tax has taken a toll on the United States technology companies. Donald Trump said he would not allow France to take advantage of American companies and that the European Union treats the US very unfairly on trade.
Trump also said that he would impose aluminium and steel tariffs on imports from Brazil and Argentina, with an immediate effect.
However, French Minister Bruno Le Maire refused to accept the US charges and said the French tax did not discriminate against the American companies.
So, in case of any new tariffs from the US, the European Union would be ready to retaliate, said the minister.
“It’s not worthy of an ally, and it’s not the behaviour we expect from the U.S. towards one of its main allies, France, and more generally, Europe,” said Le Maire in a statement on Tuesday.
France in July levied a 3% digital tax that applied to revenue from digital services earned by companies with more than 25 million euros ($27.86 million) of revenues from France and 750 million euros ($830 million) worldwide.
source: ALCIRCLE.COM
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years