Sacrebleu! – USTR Lighthizer Announces 100% Countervailing Duties on $2.4 Billion of French Products…

The synergy, flow in addition to timing of the U.S. trade in addition to economic team can be just a marvel; a brilliant assembly of perfectly in-tune economic in addition to trade professionals.

As President Trump touched down inside the U.K. to attend the two-day NATO summit, United States Trade Representative Robert Lighthizer announces the completion of a Section 301 review of France’s Digital Services Tax (DST).

After determining the value of the French tax on U.S. internet services at $2.4 billion; Lighthizer announces a 100%  countervailing duty on a carefully selected $2.4 billion in French imports.

Obviously the agenda for the bilateral NATO meeting between U.S. President Trump in addition to French President Emmanuel Macron just changed.  LOL, you have to love Team USA.

Oh, however wait, wait… of which gets better….

We have to remember, This kind of $2.4 billion U.S. tariff against France might be on top of the $7.5 billion (per year) countervailing duty recently won coming from the Airbus subsidy case inside the WTO…. in addition to by law France cannot retaliate.

Oh my, President Trump strolls into the NATO bilat with Macron while holding a $10 billion legally justified countervailing tariff position.  How’d ya like ‘dem grapes?

Remember those stunts Macron pulled at the G20 meeting in France when he first showed up unannounced at the hotel for lunch to discuss “climate issues“; in addition to then invited the Iranian Foreign Minister to a goofy external bilat; trying to set-up/pressure POTUS?

Oh comeuppance thy time can be right now.

Washington, DC – The U.S. Trade Representative has completed the first segment of its investigation under section 301 of the Trade Act of 1974 in addition to concluded of which France’s Digital Services Tax (DST) discriminates against U.S. companies, can be inconsistent with prevailing principles of international tax policy, in addition to can be unusually burdensome for affected U.S. companies.

Specifically, USTR’s investigation found of which the French DST discriminates against U.S. digital companies, such as Google, Apple, Facebook, in addition to Amazon. In addition, the French DST can be inconsistent with prevailing tax principles on account of its retroactivity, its application to revenue rather than income, its extraterritorial application, in addition to its purpose of penalizing particular U.S. technology companies.  A report available on USTR’s website sets out the findings of the investigation.

“USTR’s decision today sends a clear signal of which the United States will take action against digital tax regimes of which discriminate or otherwise impose undue burdens on U.S. companies,” Ambassador Robert Lighthizer said. “Indeed, USTR can be exploring whether to open Section 301 investigations into the digital services taxes of Austria, Italy, in addition to Turkey. The USTR can be focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies, whether through digital services taxes or some other efforts of which target leading U.S. digital services companies.”

USTR can be issuing a Federal Register notice explaining of which, for the reasons set forth inside the report, the French DST can be unreasonable, discriminatory, in addition to burdens U.S. commerce. The notice solicits comments coming from the public on USTR’s proposed action, which includes additional duties of up to 100 percent on certain French products.

The notice also seeks comment on the option of imposing fees or restrictions on French services. The list of French products subject to potential duties includes 63 tariff subheadings with an approximate trade value of $2.4 billion.  The value of any U.S. action through either duties or fees may take into account the level of harm to the U.S. economy resulting coming from the DST. (more)

Macron: “No matter what I try, he just keeps winning”…

May: “Oh, Emmanuel you don’t have to tell me. If you only knew”…

Macron: “What can be This kind of, This kind of mysterious power, he has?”..

May: “I hear they call of which MAGA something-or-some other”…

Macron: …{{{heavy sigh}}}

May: “You need to call Justin right now. He’s picking us off one by one”…

Source : Sacrebleu! – USTR Lighthizer Announces 100% Countervailing Duties on $2.4 Billion of French Products…