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