US considering tariffs on AED 8.8 billion worth of French goods

Getty Images/masterSergeant

The United States is proposing tariffs on up to AED 8.8 billion worth of French goods, in retaliation for France's tax on US tech giants.

Items such as cheese, handbags and makeup could face tariffs at rates of up to 100 per cent.

It's after an investigation by the Office of the US Trade Representative concluded that France's new digital services tax discriminates against American companies.

The French tax is aimed at stopping tech giants from avoiding taxes by putting their headquarters in low-tax European countries, and the US could investigate similar laws in Italy and Austria.


More from Business

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    6:00am - 10:00am

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

  • Farmer's Kitchen

    10:00am - 11:00am

    Helen Farmer's teamed up with Spinneys to bring you amazing dishes to cook at home using ingredients from the stores. Listen to Farmer's Kitchen and learn how to recreate recipes made by top UAE chefs.

On Dubai Eye

Business Breakfast