Trump threatens 100% tariff on French wines over digital tax on tech firms

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US President Donald Trump threatened a 100% tariff on French wines if France does not remove its digital services tax on technology firms. The tax, imposed in 2019, affects revenues of major American tech companies operating in France.

US President Donald Trump threatened to slap a 100 per cent tariff on French wine and champagne unless Paris removes a digital services tax on tech firms, the New York Post reported on Monday. France imposed in 2019 a three per cent levy on the revenues earned by technology firms – including American giants such as Facebook, Amazon, Apple and Google parent Alphabet – within the country’s borders. French President Emmanuel Macron is due to host Trump on Monday before the G7 summit gets underway...