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 Weekend Playlist

    8:00pm - 11:00pm

    Every Friday night Dubai Eye 103.8 plays you the greatest party classics and anthems all the way till Saturday morning!

  • Nights on Dubai Eye 103.8

    11:00pm - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

On Dubai Eye

Business Breakfast