What you need to know

  • President Donald Trump is lanching a probe on an upcoming French tax upon American tech companies.
  • The new digital taxe affects companies that generated 740 million in revenue.
  • Among the companies affected by the tax are Apple, Google, Facebook and Amazon.

U.S. president Donald Trump is set to order an investigation of an upcoming digital tax on technology companies by France, according to Bloomberg Tax. The move could lead to new tariffs or other trade restrictions against the country.

The announcement, which is set for around 5 p.m. (2100 GMT) Wednesday in Washington, will give U.S. Trade Representative Robert Lighthizer up to a year to investigate if France's digital-tax plan would hurt U.S. technology companies, the source said.

The "Section 301" investigation will determine if the levy poses an unfair trade practice. Prior investigations have covered Chinese trade practices and European Union subsidies on large commercial aircraft.

Most of the companies affected by this tax are those that generated over 740 million euros, or $845 million, in revenue will be American, including Apple, Google, Facebook and Amazon.

France originally announced the tax back in December known as GAFA, for Google, Apple, Facebook and Amazon. Whatever conclusion the U.S. government ends up on, this could lead to another trade battle similar to what the U.S. is currently waging with China.

Latest And Best Prime Day Deals

Amazon's Fire TV Cube is down to just $70 thanks to this Prime Day deal
Amazon Fire TV Cube
$69.99 $119.99 Save $50

Save $80 on the Neato D4 robot vacuum during this Prime Day Lightning deal
Neato Robotics D4 Alexa-enabled laser-guided robot vacuum cleaner
$319.99 $400.00 Save $80

Time is running out. And so is the supply. Grab it while you can.

Grab TCL's 32-inch 720p Roku TV for less than $100 in this Prime Day Lightning deal
TCL 32S325 32-inch 720p Roku TV
$99.99 $130.00 Save $30

Act fast while you can. These Lightning deals tend to sell out quick.

The Ring Alarm security system is reaching new low prices for Prime Day
Ring Alarm home security systems

Various configurations of the Ring Alarm are discounted to their best prices yet exclusively for Prime members at Amazon through Tuesday night to help keep your home secure.

The Sonos Beam Prime Day deal includes a $40 discount and 2 $50 Amazon gift cards
The Sonos Beam Prime Day deal includes a $40 discount and $100 in Amazon gift cards
$359.00 $499.00 Save $140

That's just so much savings in one deal. You'll have to wait for the physical gift cards, but that's basically $100 to spend however you want.

Prime Day dropped this PlayStation 4 console bundle to just $250
PlayStation 4 Slim 1TB console with Marvel's Spider-Man and Horizon Zero Dawn
$249.99 $359.98 Save $110

This deal on the PlayStation 4 Slim console saves you $50 off its regular price while also including Marvel's Spider-Man and Horizon Zero Dawn Complete Edition for free. You'll just need an Amazon Prime membership to snag it.

The newest device in the Echo family, the Show 5, is now down to just $50
Echo Show 5
$49.99 $89.99 Save $40

It's only been on the market since May, but it hasn't escaped the Prime Day price cuts.

Amp up your home security with these huge Prime Day discount on nearly all Ring products
Save on Ring products today only

Whether you need a video doorbell, whole home alarm system, or some lights to brighten a dark area, Amazon has it all marked down today!

More Prime Day Deals