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In an interview with France Inter radio on Monday, French Finance Minister Bruno Le Maire warned the US against any retaliation to France’s new digital services tax, as cited by Reuters.

Key Quotes:

If the Americans decide to go ahead and impose sanctions against the digital tax … in this case we would retaliate.

If there were to be sanctions, and it is a possibility that we will take sanctions, we would immediately contact the WTO (World Trade Organization).

Sent a letter on that issue to the US negotiator.

  • EUR/USD sticks to daily gains near 1.1170