Trump’s Tax Law Rankles European Finance Ministers
- EU concerned about discrimination against European companies
- Bloc stops short of threatening retaliatory measures
U.S. President Donald Trump holds up the tax-overhaul bill after singing it into law.
Photographer: Mike Theiler/Pool via Bloomberg
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The European Union voiced its concerns again over the impact of Donald Trump’s tax cuts but stopped short of threatening retaliation that could further inflame EU-U.S. tensions.
Urged on by France, EU finance ministers discussed the U.S. tax reform in Brussels on Tuesday amid concern that the legislation violates World Trade Organization rules and could lead to discrimination against European companies. According to a French official, the way the reforms are implemented will significantly change the international impact.