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Macron and Trump find agreement to avoid taxes

It was via a tweet that French President Emmanuel Macron expressed his optimism for the negotiations that are currently taking place between France and the United States over American taxes on French products.

By Luxus Plus

 

“Excellent discussion with @realDonaldTrump on digital taxation” tweeted the president.

Since the French decision to tax GAFA, American President Donald Trump has engaged in a showdown by taxing 100% of very many French products, including wines and champagnes, for a total amount of $ 2.4 billion.

Wednesday, on the sidelines of the Davos Economic Forum, are to be held important negotiations and announcements between the French government and President Trump, aimed at reducing, even eliminating, American taxes.

French Minister Bruno Lemaire, who is due to meet his American counterpart Steven Mnuchin on the same day to discuss the details of the continuation of the talks, admits having experienced “one of his most difficult negotiations”.

According to the American economic media Bloomberg, a French diplomat says that the French President and the American President have agreed to a truce and that the two sides will not impose punitive taxes this year in order to continue the discussions.

 

Read also: France ready to take Trump’s tariff threat to WTO: Le Maire

 

 

 

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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