EU Eyes Tech Retaliation in US Trade War

The US-EU trade war escalates as the EU considers retaliatory measures against US tariffs. France's suggestion to target currently untaxed digital services faced immediate pushback from Ireland, home to many US tech giants. The EU enjoys a large goods surplus but a significant deficit in services, making the tech sector a potential target for retaliation. French officials predict the trade war will reduce France's GDP by over 0.5% and increase job losses. The potential economic impact on Europe is substantial, leaving tech companies facing considerable uncertainty.