President of the United States Donald Trump threatened to impose 100 percent tariffs on French wine and champagne unless Paris waives a digital services tax on tech companies, the New York Post reported Monday.
France imposed in 2019 a three percent tax on income earned by technology companies – including US giants such as Facebook, Amazon, Apple and Google parent Alphabet – within the country’s borders.
President of France Emmanuel Macron is expected to host Trump on Monday before the G7 summit begins at the Evian hotel on Lake Geneva.
Trump said he asked Macron “not to tax American companies”, according to the New York Post.
“If they do that, I have no choice but to impose a 100 percent tariff on all champagne and all wine coming from France,” he was quoted as saying.
“All (Macron) has to do is remove the sales tax, and he wouldn’t have that kind of pressure.”
