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Trump reportedly agrees to hold off on tariffs with France until digital tax talks end

20 January 2020 23:04 (UTC +04:00)

US President Donald Trump has agreed to hold off on tariffs with France until digital tax negotiations at the Organisation for Economic Co-operation and Development (OECD) are over, APA reports citing Reuters.

Meanwhile, French President Emmanuel Macron took to Twitter to comment on his latest talks with Trump.

Last year, the US president threatened to impose tariffs on French goods in response to France's new tax on American tech giants, such as Google, Amazon, Facebook and Apple. Under new legislation passed by the French government in July 2019, a 3% levy should be imposed on the total annual revenues of US tech giants, whose turnover is reported at 750 million euros globally, with 25 million euros in France alone.