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.
President Donald Trump warned that if France does not repeal its 3% digital services tax on U.S. technology companies, he will impose a 100% tariff on French wine and champagne exports to the U.S. This tax, approved in 2019, targets large tech firms ...
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