Trump threatens 100% tariff on French wines unless digital tax dropped

Article excerpt

President Donald Trump has threatened a 100 percent tariff on French wines and champagne if Paris doesn't scrap its digital services tax on technology companies. France imposed the 3 percent levy in 2019 on revenues earned by tech giants including Facebook, Amazon, Apple, and Alphabet within French borders. The tax, which disproportionately affects U.S. firms, has long been a point of contention between Washington and Paris. Trump's threat escalates an ongoing trade dispute over how nations should tax the world's largest technology companies.