Industrials Oct 22, 2021 07:59 AM (GMT+8) · EqualOcean
On October 21 local time, the U.S. Treasury announced that the United States would abolish punitive tariffs on products from Austria, France, Italy, Spain and the United Kingdom. According to the agreement, the United States, Britain, France, Italy, Spain and Austria agreed to "transition from the existing digital service tax to a new multilateral solution, and promised to continue to discuss this issue through constructive dialogue". The United States agreed to waive punitive tariffs on the five European countries.