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Europe Scrambles to Fight Off Threat of U.S. Tariffs on France

  • EU trade chief cites push for international accord on tech tax
  • Both sides are in daily contact, Phil Hogan tells Bloomberg TV
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The EU is seeking to “reset” trade relations with the U.S., Hogan says.(Source: Bloomberg)

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The European Union’s trade chief said the race is on to avert an escalation in transatlantic commercial tensions as a result of U.S. objections to a French digital-services tax.