France is giving unilateralism a go
The Trump administration is preparing to hit back
“DON’T TAX you, don’t tax me, tax that fellow behind the tree.” Historically, this rhyme has poked fun at the tax-shy American public. Today it reflects complaints against the French government, which on July 25th introduced a tax on digital services. American companies such as Amazon, Facebook and Google are protesting that they are being treated like the fellow behind the tree. President Donald Trump is itching to hit back. Unilateralism is a language he can understand.
This article appeared in the Finance & economics section of the print edition under the headline “Trading blows”
Finance & economics August 24th 2019
- Tidjane Thiam’s overhaul of Credit Suisse is paying off
- France is giving unilateralism a go
- China’s interest-rate revamp highlights the slow march of reform
- The Japanification of bond markets
- Apple and Goldman Sachs launch their credit card
- Who wins from foreign investment?
- The onset of a downturn is as much a matter of mood as of money
From the August 24th 2019 edition
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