LVMH may need price hikes, Italy shift as digital tariff war gets underway — Panjiva
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LVMH may need price hikes, Italy shift as digital tariff war gets underway

Cons. Discr. - Apparel 530 Cons. Discr. - Retailing 517 France 167 Tariffs 1866 U.S. 5399

The U.S. government is going ahead with retaliatory measures against digital service tax plans in France. While the 25% duties on around $1.08 billion of products will not be applied until January 2021 this should be seen as part of the widening trade spat between the U.S. and EU which also includes aerospace subsidies and in future may include carbon border taxation. The product list is narrower than prior filings from the government and includes beauty products worth $786 million in the 12 months to May 31 and handbags worth $404 million. There’s no sign of stockpiling so far, with imp...

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