World News: 13:01 GMT Tuesday 3rd December 2019. [Yahoo Business News Feed via SPi World News]
The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm U.S. technology companies. French President Emmanuel Macron pressed ahead with the digital tax in the summer, defying U.S. anger at a levy Washington says unfairly targets American companies. The French leader is keen to reach an international agreement on taxing big tech companies and has urged the Trump administration to help reform global corporate taxes.
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