France takes on Silicon Valley: Washington threatens tariffs over GAFA tax
It was one of the big demands of Yellow Vest protesters: tax the new giants of e-commerce that are killing small businesses. But on the day that France’s parliament voted a so-called GAFA tax of three percent on revenue earned on French soil for big tech companies that hang their fiscal hat abroad, the Trump administration is paving the way for retaliatory tariffs. A legitimate gripe? Or another case of Washington weaponising trade?