Trump Threatens 100% Tariffs on French Wine Over 3% Digital Tax
Updated
Updated · Reuters · Jun 15
Trump Threatens 100% Tariffs on French Wine Over 3% Digital Tax
3 articles · Updated · Reuters · Jun 15
Summary
French wine and spirits exporters called Trump's threat of 100% tariffs on French wine and champagne bad news for an industry heavily dependent on exports to the United States.
Trump said Washington would have no choice but to impose the tariffs unless France scrapped its 3% digital tax on U.S. tech giants.
FEVS, the French exporters' group, urged responsible behavior and balanced, constructive trade ties between France and the United States.
The threat revives a familiar trade clash: Trump had already floated 200% tariffs on French and EU wine and other alcoholic drinks in January and again in March last year.
At the G7, President Emmanuel Macron has already rejected U.S. pressure to drop the tax, saying it is French law.