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Government

Franco-American tussle over taxes adds wrinkle for luxury recovery

July 14, 2020

Louis Vuitton handbags are subject to a new tariff in the United States. Image credit: LVMH Louis Vuitton handbags are subject to a new tariff in the United States. Image credit: LVMH

 

By Dianna Dilworth

The United States has announced plans to add an import tax to French beauty and luxury goods as part of its ongoing disagreement with France after the Gallic nation threatened U.S. tech companies with a digital services levy. The timing could not be worse.

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