Trump Threatens “Foolish” France With Tariffs On Wine

The BBC reports:

US President Donald Trump has accused French President Emmanuel Macron of “foolishness” over a digital services tax, and hinted that he would tax French wine in retaliation.

Mr Trump voiced his anger in a tweet on Friday, in response to French plans to tax multinational firms like Google. French authorities argue that the firms pay little or no corporate tax in countries where they are not based.

The Trump administration has said the tax unfairly targets US tech giants. The US is the world’s largest consumer of wine and the largest import market, with France consistently among the top origin countries for imported wine.

France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly. I’ve always said American wine is better than French wine!

— Donald J. Trump (@realDonaldTrump) July 26, 2019