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New U.S. threat of sanctions are bad for global economy - Le Maire

New U.S. threat of sanctions are bad for global economy - Le Maire

TimesHeraldNews

PARIS (Reuters) - New tariff threats by the United States on certain French products are bad for the global economy, and France is counting upon the solidarity of its European partners as it looks to challenge the move, the French finance minister said.

We do not want to have any new sanctions. Between allies, we should not have a policy of sanctions, its bad for the economy, Bruno Le Maire told reporters on Tuesday at a briefing at the French Finance Ministry.

We are ready to adopt the OECD solution on digital tax. If the U.S. do the same, then its the end of the issue, added Le Maire.

Reporting by Leigh Thomas, Sudip Kar-Gupta and Benoit Van Overstraeten; Editing by Alison Williams

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