Trump Could Dust Off Tax Rule for French Retaliation (Podcast)

Countries around the world are talking about taxing the revenue of giant digital-business companies. In July, France became the first European country to implement a digital services tax—immediately drawing the ire of U.S. officials.

The U.S., home of digital giants like Amazon.com Inc., wants France and other countries to wait for a global agreement on digital taxation, which could rewrite the rules that determine where and how multinationals in many industries are taxed. In the meantime, Washington has opened a trade investigation.

President Donald Trump tweeted that taxing French wine might be a way to retaliate. But he has another ...