Trump threatens 100 percent tariff on France's wine industry over its tech tax
Key takeaways
- The President is revisiting France's three percent digital tax imposed during his first administration.
- Joshua Sukoff/Shutterstock Ahead of the G7 conference in France, Donald Trump is once again threatening massive tariffs on France if it doesn't remove its three percent digital tax on US tech companies.
- The news may come as a surprise to the French government and wine industry, as sources close to Macron recently said that the issue "was no longer up for debate," according to the Post.
The President is revisiting France's three percent digital tax imposed during his first administration.
Joshua Sukoff/Shutterstock Ahead of the G7 conference in France, Donald Trump is once again threatening massive tariffs on France if it doesn't remove its three percent digital tax on US tech companies. "I asked [French President Emmanuel Macron] not to charge American companies, and if they do, I have no choice but to charge a 100 percent tariff on all champagnes and all wines coming out of France," the President told The New York Post.
The news may come as a surprise to the French government and wine industry, as sources close to Macron recently said that the issue "was no longer up for debate," according to the Post. It's likely to become a point of contention at the G7, as the French government probably won't repeal the tax.