Business & Finance
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