5 ms·
Given 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. Tha
by Xixi 7y ago
Given 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.