France Promises EU Retaliation After U.S. Trade Threats

French Finance Minister Bruno Le Maire said the European Union would strike back against the U.S. if President Trump follows through on a plan to impose tariffs on French imports, in what could develop into a trans-Atlantic tit-for-tat on trade.

On Monday, the Trump administration proposed tariffs of up to 100% against $2.4 billion of French imports—ranging from cheese and wine to handbags and porcelain—saying the nation’s new digital-services tax unfairly targets U.S. tech companies such as Apple Inc. and Alphabet Inc.’s…

https://www.wsj.com/articles/france-promises-eu-retaliation-after-u-s-trade-threats-11575366997?mod=pls_whats_news_us_business_f

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