New tariffs threatened over tax on big tech

France is holding strong in its efforts to tax tech giants, many from the U.S., despite the looming threat of retaliatory tariffs from the Trump administration.

France landed in the crosshairs of the president’s global trade war after lawmakers there approved a bill this week that would impose a 3% tax on revenue generated by tech companies that provide digital services to French users. The tax would apply to digital companies with global revenue of at least $845 million or €750 million, and sales of $28 million or €25 million in France.

Under that structure, some of Silicon Valley’s titans like Google, Facebook, Apple, and Amazon would be hit with the tax, drawing claims from the Trump administration that U.S. companies are being discriminated against.