28.7 C
Accra
Thursday, May 26, 2022
No menu items!

US threatens tax on champagne and French cheese

Must Read

Parliament is broke – Speaker 

By Augustus Acquaye The Speaker of Parliament Alban Bagbin has called on government to make available the budgetary allocation to...

No major buildings sited on water ways, says AMA PRO Gilbert Ankrah 

By Rachel Kakraba The Accra Metropolitan Assembly, AMA, has given its backing to the directive by President Akufo-Addo for MMDAs...

Corruption Watch Ghana advocates review of Ghana’s Assert Declaration Law; Petitions SP to probe property of Sir John

By Rachel Kakraba Corruption Watch Ghana has called for a review of Ghana's Assert Declaration law, to make it more...

The Trump administration is threatening to slap import taxes on $2.4bn worth of French goods in retaliation for the country’s new digital services tax.

The US says the tax penalises firms like Google, Amazon and Facebook, and is proposing to hit back with tariffs of up to 100% on products including cheese, champagne and handbags.

The digital tax is designed to prevent tech firms from dodging taxes.

French minister Bruno Le Maire called the US threat “unacceptable”.

“In case of new American sanctions, the European Union would be ready to riposte,” the finance minister told French radio on Tuesday.

On Monday, US Trade Representative (USTR) Robert Lighthizer said the potential tariffs on French goods were intended to deter other countries from taking similar steps.

The items that could face tariffs includes champagne and sparkling wine, Roquefort and other cheeses, make-up, handbags, and homeware such as porcelain and bone china..

Mr Lighthizer said the tariff proposal “sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on US companies”.

Before the tariffs are confirmed, there will now be what the US called a period for public comment, including a hearing in Washington in January.

SourceBBC NEWS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Parliament is broke – Speaker 

By Augustus Acquaye The Speaker of Parliament Alban Bagbin has called on government to make available the budgetary allocation to...

No major buildings sited on water ways, says AMA PRO Gilbert Ankrah 

By Rachel Kakraba The Accra Metropolitan Assembly, AMA, has given its backing to the directive by President Akufo-Addo for MMDAs to ensure the immediate removal...

Corruption Watch Ghana advocates review of Ghana’s Assert Declaration Law; Petitions SP to probe property of Sir John

By Rachel Kakraba Corruption Watch Ghana has called for a review of Ghana's Assert Declaration law, to make it more biting. According to Corruption Watch Ghana,...

Parliament’s Privileges Committee refuse live media coverage of Absentee Hearings over privacy issues

Story by: Franklin ASARE-DONKOH The Absentee Members of Parliament who have been accused of breaching the 15-day absence rule are expected to appear before the...

Beware of Lassa Fever- Ghana Health Service warns

The Ghana Health Service (GHS) has directed all healthcare facilities across the country to be on the alert for suspected cases of Lassa fever. It...

More Articles Like This