Business armed peace between Paris and Washington

armed peace between Paris and Washington

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The United States has lifted its threats to French champagne and cheese in exchange for a suspension of the French tax. In Davos, the two parties agreed on rules to revive global taxation.

Through Fabrice Nodé-Langlois

Bruno Le Maire, French Minister of Finance, at the Davos summit this Thursday, January 23.
Bruno Le Maire, French Minister of Finance, at the Davos summit this Thursday, January 23. DENIS BALIBOUSE / REUTERS

From our special correspondent in Davos

“We had two countries at war, we now have an armed peace”. This is how Pascal Saint-Amans, the “Mister tax” of the OECD, summarizes the agreement announced Thursday in Davos between France and the United States on the taxation of the digital, in which it took part. The “Gafa tax”, as it is called by a shortcut, has imposed itself at the top of the agenda in Davos of Bruno Le Maire and his American counterpart Steve Mnuchin.

The main progress achieved on Thursday, after a few hours of work during the night between cabinet ministers and the OECD expert, is the official announcement by the United States of the suspension of the threat of taxing at 100 % champagne, cheese or certain French cosmetic products. The principle of this truce had been discussed on the phone between Donald Trump and Emmanuel Macron on Sunday. Bob Lighthizer, the US trade representative, was due to confirm Thursday that he is storing the tariff weapon in the locker room.

The French tax “is not withdrawn”

Since

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