Trump says he will impose 100% tariff on French wine if France keeps digital services tax
President Trump said he would impose the tariff on French wine and champagne if France keeps its three percent tax on large U.S. technology companies. The comments came ahead of his travel to France for the G7 summit.
France 24U.S. technology companies. He made the comments in an interview with the New York Post ahead of his travel to France for the G7 summit.
French President Emmanuel Macron is due to host President Trump on Monday before the summit begins. S. technology companies.
He warned that continued collection would force him to impose the tariff on all French wine and champagne exports to the United States. France imposed the three percent digital services tax in 2019 on gross revenue earned by large technology firms operating in the country. The levy applies to companies including Google, Apple, Facebook, Amazon and Microsoft.
The tax generates roughly $700 million annually for the French government. S. retaliation.
The French government has indicated the tax is no longer under discussion. S. accounting for 21 percent of France's overall export market for these products last year.
The digital services tax issue is expected to be raised at the G7 summit.
