Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax -sources

WASHINGTON, Jan 17 (Reuters) - Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the U.S. president faces an impeachment trial at home. Just days after Trump scored big victories by inking a partial trade deal with China and passing a revamp of the North American Free Trade Agreement, he will travel to the World Economic Forum where he is expected to discuss deepening trade disputes with the European Commission president. Among the raft of trade issues dividing the allies, Washington's most immediate concern is France's plan to impose a 3% digital services tax, which the U.S. government believes would harm U.S. technology giants like Alphabet Inc's Google and Amazon.com Inc, with a host of other countries poised to follow suit. "Things are not really going anywhere," said one of the sources, a European official, despite frequent talks between French Finance Minister Bruno Le Maire, U.S. Treasury Secretary Steve Mnuchin and top U.S. trade negotiator Robert Lighthizer.

First found on: uk.reuters.com And then on: 6 other references