Partner Doug Heffner was quoted in a Bloomberg article titled “U.S. Investigates France’s Plan to Impose a Tax on Tech Giants.” The article is about how the U.S. will investigate a French plan to impose taxes on technology companies.
The U.S. can levy tariffs specifically on products from France even though it is a member of the European Union, said Doug. Under Section 301 of the Trade Act of 1974, the president has authority to impose tariffs or take other restrictive measures if it’s determined that a foreign country’s trading rules are damaging to U.S. businesses.
“The U.S. can be very creative,” Doug said. “They don’t have to just go after digital products. They can go after products where they have leverage.”