default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

US Suspends Planned Tariffs on French Luxury Goods

Louis Vuitton handbag. Shutterstock

The US has suspended plans to impose tariffs of 25 percent on French luxury goods, due to take effect this week in response to France’s tax on big tech companies like Facebook and Amazon.

The US Trade Representative (USTR) threatened to impose the tariffs last year following France’s decision to impose a 3 percent levy on certain revenue from big technology companies.

A list of imports from France worth $1.3 billion would have been subject to the additional 25 percent tariff. The list included beauty products like lip and eye makeup preparations as well as handbags with an “outer surface of reptile leather,” according to a statement on the US Trade Representative’s website posted in July 2020.

In suspending the French tariffs, the USTR said in a statement posted to its website on Thursday that investigations into digital-services taxes, or DSTs, in other countries “have significantly progressed, but have not yet reached a determination on possible trade actions.”

“A suspension of the tariff action in the France DST investigation will promote a coordinated response in all of the ongoing DST investigations,” the statement said in part.


In This Article
Topics

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
Provide insight and analysis on fashion’s most powerful luxury brands.

Dior veteran Olivier Bialobos has balanced heritage, innovation and unprecedented scale as he steered communications through the tenures of a succession of designers and three CEOS. "Desirability — not just visibility— has to be the target," he told BoF in The State of Fashion 2024.





view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Enjoy 25% off BoF Professional Membership Until December 19
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Enjoy 25% off BoF Professional Membership Until December 19