U.S. Opens Trade Probe Over France's Plan for Tax on Tech Giants

The video discusses a 301 investigation launched by the US, similar to actions taken by the Trump administration against China, to address France's proposed digital tax. The investigation could lead to tariffs, with the US trade office having a year to conclude it. Other European countries are also pursuing digital taxes, potentially leading to disputes. The digital tax targets large companies like Google and Amazon, with bipartisan support in the US for countermeasures. Congress has struggled to limit presidential trade powers, with the 301 authority allowing unilateral tariff imposition.

What is the purpose of the 301 investigation launched by the US?

• To investigate unfair trading practices

• To impose new tariffs on China

• To negotiate trade deals with Europe

• To reduce taxes on digital services

Which major companies are affected by the proposed digital service tax?

• Google and Amazon

• Microsoft and Apple

• Facebook and Twitter

• Netflix and Spotify

What percentage is the proposed digital service tax on large companies' revenues?

• 4%

• 1%

• 2%

• 3%

What is the stance of the Trump administration regarding the digital tax plans?

• They support the tax plans

• They are indifferent to the tax plans

• They oppose the tax plans

• They have not commented on the tax plans

What authority does the 301 investigation grant the president?

• To reduce import duties

• To impose tariffs independently

• To negotiate trade deals

• To increase export subsidies