the show keep away dumont home would have formed melissa one . but even before the legislation was through us president donald trump had ordered an investigation the us warned that if the law passed it would activate section 301 of the u.s. trade act that authorizes retaliation against a foreign government whose trade policies or practices deemed unjustified unreasonable or discriminatory or that they restrict u.s. commerce france is the 1st major economy to impose a tax on big tech but other e.u. countries including austria britain spain and italy have also announced plans for digital taxes. our financial correspondent yes carter joins us now from wall street so young what's the word are we looking at the beginnings of another trade war this time between the u.s. and france. at this point washington does not seem to be amused or let's put it this way and this there from france is pretty unusual because they're not going after profits after texas but after revenue but at least for once silicon valley is applauding the current administration there

deployed dumont point would have formed in minutes one. but even before the legislation was through us president donald trump had ordered an investigation the us warned that if the law passed it would activate section 301 of the u.s. trade act that authorizes retaliation against a foreign government whose trade policies or practices deemed unjustified unreasonable or discriminatory or that they restrict u.s. commerce france is the 1st major economy to impose a tax on big tech but other e.u. countries including austria britain spain and italy have also announced plans for digital taxes. joins us from the german city of constance isn't this also what trump actually wanted a tax on revenues as opposed to profits. absolutely and my president trump himself criticizing multinational enterprises that they are earning money but they don't pay taxes so this situation france has taken serious steps concerning a challenge not only appearing in europe but also in the u.s. is the right direction. donald trump claims for example there is a massive trade

deployed dumont home would have formed when it's one. but even before the legislation was through us president donald trump had ordered an investigation the us warned that if the law passed it would activate section 301 of the u.s. trade act that authorizes retaliation against a foreign government whose trade policies or practices deemed unjustified unreasonable or discriminatory or that they restrict u.s. commerce france is the 1st major economy to impose a tax on big tech but other e.u. countries including austria britain spain and italy have also announced plans for digital taxes. for jails here from b.w. business now the talk more about this new tech tax do we know why did france go it alone here you would think that this type of tax would come at the european union level well it has to be said that the european union did try to introduce digital taxation standards that would apply across the block but that fell down due to opposition from countries like ireland which does depend on favorable tax regimes to attract a big company and

and what will happen now is that the government will spend lots of money to create an artificial dumont you know they will trim old way products in schools etc and i think that's really the wrong way to go with we would like to see his face out of that of that activity but nicholas why would the japanese government want to do that create an artificial market where there isn't one. well it's very simple because they've told the people for 30 years that this is what they want and this is you know the end they gave it a kind of an artificial cultural identity which we believe doesn't really exist in that respect you know for the young people the young citizens in japan you will not see much support for it and i think the big question is why on one hand will the japanese public you know give a blind eye to whale products and i really hope so but the other thing is japan has left internationalization table and that's of really boring try and the u.s. left the person green mint japan leaves their way in commission what's next. from ocean care in vienna thank you very much for your analysis. t

the pentagon responded to congress inquiring what it would look like with north korea and michael dumont has said, sit considering the fact 25 million people, we know what that would look like. but the important thing there is not a lot of good options if president trump were certainly at least it doesn't look like there are. and what people point back to, do you remember the video president trump said the moving trailer that kim jong un in singapore? basically what it did, the trailer that goes through these different scenarios for kim jong un. look, what you can have in looking back, military option, and you see, you know planes being shot, missiles being shot. the other option is or you can choose a better future and economic future? so this is the outline of choice offered to kim jong un but who knows if they will want to take it. >> dagen: kim jong un promised his people equal revitalization. and "the wall street journal" points out you have another sit down and that one fails, then this could prove fatal to the regime. that is what kim jong un does. >> melissa: that is interesting.