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Wednesday, January 27, 2021

US Cancels Planned Tariffs on French Goods

The United States has announced that it will suspend its planned tariffs on French products, pending its investigations of digital services tax in other jurisdictions.

The United States has announced that it will suspend its planned tariffs on French products, pending its investigations of digital services tax in other jurisdictions.

The United States Trade Representative (USTR) said that the additional tariffs on French products were supposed to be imposed on Wednesday, following the announcement in July last year. 

“The U.S. Trade Representative has decided to suspend the tariffs in light of the ongoing investigation of similar DSTs adopted or under consideration in ten other jurisdictions,” they  said in a statement. 

“A suspension of the tariff action in the France DST investigation will promote a coordinated response in all of the ongoing DST investigations,” the USTR added. 

According to the agency, the investigations have ‘significantly progressed’ but they have yet to determine trade actions. 

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