Business & Finance
Trump threatens 100% tariff on French wines unless digital tax dropped
Key Points
US President Donald Trump has threatened to set a 100 percent tariff on French wine and champagne unless Paris removes a digital services tax on technology firms. France imposed in 2019 a three percent levy on the revenues earned by technology firms - including US giants like Facebook, Amazon, Apple and Google's parent Alphabet - within the country's borders.
US President Donald Trump has threatened to set a 100 percent tariff on French wine and champagne unless Paris removes a digital services tax on technology firms. France imposed in 2019 a three percent levy on the revenues earned by technology firms - including US giants like Facebook, Amazon, Apple and Google's parent Alphabet - within the country's borders.