Business the showdown between France and the United States is...

the showdown between France and the United States is not over

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France suspends its tax in exchange for lifting American threats. But the differences persist.

Through Fabrice Nodé-Langlois

Meeting Wednesday in Davos between Bruno Le Maire and Steven Mnuchin (in the center), the American secretary to the Treasury.
Meeting Wednesday in Davos between Bruno Le Maire and Steven Mnuchin (in the center), the American secretary to the Treasury. Twitter / Bruno Le Maire

The threat of 100% American customs duties on champagne, cheese and French beauty products seemed to have been lifted for forty-eight hours. However, the standoff between Paris and Washington around digital taxation continues. And is played these last hours in the corridors of the Davos Forum, in the Swiss Alps.

While the US administration still threatened to tax “made in France” products exported to the United States, valued at $ 2.4 billion, in retaliation for the digital taxation adopted by Paris in 2019, the The sword of Damocles was removed after a telephone conversation on Sunday evening between Donald Trump and Emmanuel Macron.

In Davos, Bruno Le Maire and his American counterpart, Steve Mnuchin, were to finalize an agreement during their meeting, Wednesday afternoon, in the presence of Angel Gurria, the Secretary General of the OECD. of the “progress” have been accomplished, says Bercy’s host. But all is not settled

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