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US threatens 100% tariffs on French wine over France's digital tax on American tech firms

Market News
15 Jun 2026
New York Post
View Source
Bearish
pluang ai news

President Trump warned France of a potential trade war, threatening 100% tariffs on French wines if France does not repeal its 3% digital tax on US tech giants like Google and Apple. This tax targets the revenue of American tech companies and has raised about $700 million for France. The threat comes ahead of the G7 summit, highlighting tensions as France insists on the tax while the US pushes back strongly. The outcome could impact billions in trade, especially in the US market where French wine sales are significant.

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