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U.S. Will Impose Tariffs on French Goods in Response to Tech Tax [The New York Times]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
WASHINGTON — The Trump administration on Friday said it would impose new tariffs on $1.3 billion worth of French goods, including cosmetics, soap and handbags, in retaliation for a French tax that largely hits American technology companies, escalating a trade dispute that threatens to further damage the global economy.Notably absent from the tariff list, published by the United States Trade Representative, are French cheese, sparkling wine and cookware, which the administration had threatened to tax in December. Wine retailers and other U.S. importers of French goodshad voiced oppositionThe 25 percent tariffs will be delayed 180 days and take effect in January 2021, a hiatus meant to give both countries time to resolve their differences over a digital tax that will hit American tech companies.France has adopted a 3 percent tax on the revenues some companies earn from providing goods and services to French users over the internet, even if they do not have large physical presences in Fr Show less Read more
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