A brewing fight about which country has the right to tax some of the world's most profitable companies, including Facebook Inc. and Alphabet Inc.'s Google, could devolve into a multi-front trade war, regardless of whether President Donald Trump is still in the White House.
Even if a Democrat wins the presidency in November, he or she may be tempted to continue the Trump administration's policy of using trade sanctions to retaliate against new taxes on U.S. tech companies.
A tit-for-tat trade war is already building with France, where a 3 percent tax on large tech companies went into effect at the start of 2019. The U.S. responded with the threat of tariffs on $2.4 billion worth of French cheese, sparkling wine, and makeup, prompting the European Union to consider tariffs on U.S. goods.
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