GaitherNews Escape the Algorithm
Today --°
Updated
Categories
Business 1 source 0 views

Trump threatens 100 percent tariff on France's wine industry over its tech tax

Article excerpt

Donald Trump threatened 100 percent tariffs on French wine imports in retaliation for France's digital services tax, escalating trade tensions ahead of the G7 conference in France. The threat targets what analysts consider a discriminatory levy that disproportionately affects American tech companies like Google, Amazon, and Meta. France's 3 percent tax on digital services generated significant revenue but drew fire from the U.S., which views it as protectionist. Trump's proposed tariff would devastate French winemakers, a signature export sector, and marks another round in the ongoing U.S.-France trade dispute over tech regulation.