France draws, Japan negotiates against Trump exposed at G7

The eyes of Keiyo Ayamin Ogata Akihiko

Biarritz, a recreation area in southwestern France, where the G7 Summit was held.

On the afternoon of August 26, President Trump, who came into the press conference with President Macron, was clearly unhappy.

Before that, Mr. Macron said, “There was a misunderstanding that“ What is digital tax in France? ”, But we had a very good agreement.”

The origin of the word “economy” means “to save the world and scoop the people”. In principle, in the column “Keisei Saimin” delivered every Tuesday morning, the reporter will continue to collaborate on what he / she wants to convey through daily interviews and what he wants to convey.

Mr. Macron finally concluded that Mr. Trump will be hosting G7 next year, "I want to give him the floor. I will be with you next year."

Mr. Trump praised Mr. Macron, "It's a really successful G7," who seemed to be somewhat upset after being given the lead role.

The French digital tax imposes a 3% tax on revenues from advertising and data buying and selling in France for IT companies that have some sales in the world and France. It is clear that the company is aiming for a major US IT company, and the Trump administration has said that it will “take retaliation on French wine”.

However, the United States and France eventually agreed that "If the Organization for Economic Cooperation and Development (OECD) summarizes taxation measures, France will cease digital tax." If the international taxation framework was established, the French digital tax would be eliminated, but until then, taxation could be continued, resulting in a “draw” for the US and France.

Mr. Motegi asked the question "Do you defeat?"

It was the “principle agreement” in the US-Japan trade negotiations announced on the 25th of the previous day that overlooked the compromise between the US and France. In the agricultural sector, Japan is looking to reduce tariffs on beef and pork to the level of the Trans-Pacific Partnership (TPP). On the other hand, with regard to automobiles, the tariff reduction promised by the United States at the time of TPP could not be made this time. This is essentially more than a “defeat of Japan”.

I asked Mr. Toshimitsu Mogi at the Biarritz conference on the evening of the 25th.

“Isn't it defeated?”…