France to seek immediate EU riposte if U.S. punishes French digital tax

France will immediately seek EU retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said on Tuesday.

The Trump administration announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France's digital services tax, but said it would hold off on implementing the move until January.

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"If there are American sanctions against the French decision, which ... is the application of French law, we will immediately seek a riposte at the European level," Le Maire told journalists after a meeting with EU counterparts about digital services taxation.