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Trump threatens 100% tariff on French wines over digital tax on tech firms

Trump threatens 100% tariff on French wines over digital tax on tech firms
Key Points

US President Donald Trump threatened to slap a 100 per cent tariff on French wine and champagne unless Paris removes a digital services tax on tech firms, the New York Post reported on Monday. France imposed in 2019 a three per cent levy on the revenues earned by technology firms – including American giants such as Facebook, Amazon, Apple and Google parent Alphabet – within the country’s borders. French President Emmanuel Macron is due to host Trump on Monday before the G7 summit gets...

US President Donald Trump threatened to slap a 100 per cent tariff on French wine and champagne unless Paris removes a digital services tax on tech firms, the New York Post reported on Monday. France imposed in 2019 a three per cent levy on the revenues earned by technology firms – including American giants such as Facebook, Amazon, Apple and Google parent Alphabet – within the country’s borders. French President Emmanuel Macron is due to host Trump on Monday before the G7 summit gets underway... [Image text:] ALY HighlyRalc DESSERT-PORT BORDEA .ocal Wines Bordeaux FERFER CHA FEI CHATEA HAl BRA SRA 2016 HAUR PESS 2016 CHATE GRAVES DE 2010 2016 CHATEAL DENI DES CHANTEO DE CHATEAL CHANTEGI CRAV DE CHATEAU GRAVES CHANTEGR FAMILLEIEG WNERY DRECT DE GRAVES Danm $24m CHANTEGRIM FAMILLE LEVE CRAVES ERYDIRECT
Trump (ORG) French (ORG) US (LOCATION) Donald Trump (PERSON) Paris (LOCATION) the New York Post (ORG) France (LOCATION) American (ORG) Facebook (ORG) Amazon (ORG) Apple (ORG) Google (ORG) Emmanuel Macron (PERSON) G7 (ORG)
Originally published by South China Morning Post Read original →