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I'd guess it's even more palatable for France if the US threatens. The combativeness from the US helps foreign leaders to look stronger by creating a nationali
by r00fus 7y ago
I'd guess it's even more palatable for France if the US threatens. The combativeness from the US helps foreign leaders to look stronger by creating a nationalist confrontation.
Is this tax functionally different from tariff?
- Xixi 7y agoGiven that French companies are also affected, I fail to see how it could be construed as a tariff. The goal of tariffs is to penalize foreign corporations. That tax is directed at a sector. It will not help the few French actors in that sector become more competitive.
- vuln 7y agoThere is only one French company affected as another commenter pointed out.
- r00fus 7y agoIt will create a local market opportunity if FB, etc, pull out. See Austin vs. Uber - the absence of ride-shares launched local alternatives that quickly took that marketshare until the locality changed it's stance. It will likely act much like a tariff as I doubt any of these megacorps will pull out.