President Donald Trump threatens retaliatory action against France in response to the country's tax on digital services.Trump suggests he could put tariffs on French wine, saying he has "always said American wine is better than French wine!"The United States will announce retaliatory action against France in response to the country's new tax affecting American technology companies, President Donald Trump said Friday.a move experts considered the most likely U.S.
If, after the probe, the U.S. determines the tax is discriminatory or unreasonably targets U.S. firms, Trump could respond with tariffs. Trade experts considered Trump's most likely response a 100% tariff on French wine — one of the country's signature, symbolic products., Trump suggested he could put tariffs on French wine. He said California wine producers have complained to him about France putting higher tariffs on imports than the U.S. does.
France exported 3.2 billion euros in wine to the U.S. last year, according to the Federation of French Wines and Spirits Exporters. The U.S. was France's biggest wine export market.
Source: News Formal (newsformal.com)
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