Trump Threatens France With Wine Tariffs Over Tech Tax
Macron and Trump will meet at the G7 Summit in Évian-les-Bains.
President Donald Trump told The New York Post that he “will have no choice” but to place 100% tariffs on French wine if France doesn’t get rid of the digital tax on American technology companies:
Trump said he gave the blunt warning directly to outgoing French President Emmanuel Macron, demanding he ditch the 3% tech levy or face devastating duties in the American market, which accounts for a fifth of the French wine industry’s global sales — worth more than $2 billion annually.
“I asked him not to charge American companies, and if they do, I have no choice but to charge a 100% tariff on all champagnes and all wines coming out of France,” Trump told The Post. “All [Macron] has to do is get rid of the sales tax, and he wouldn’t have that kind of pressure.”
Macron and Trump will meet at the G7 Summit in Évian-les-Bains.
Someone in Macron’s office said the problem has been resolved but a US official disagreed:
France’s digital services tax, commonly known as the GAFAM tax, has been on the books since 2019. It imposes a sweeping 3% levy on the local revenue generated by the likes of Google parent Alphabet, Amazon, Meta, and Apple.
Because the policy targets gross revenue rather than profits, it hits US tech titans the hardest, raking in roughly $700 million last year alone according to the French finance ministry.
The French National Assembly tried to double the tax to 6& last year, but the ministers shit it down.
Donations tax deductible
to the full extent allowed by law.
Comments
This is going well
Iran says it’s going to be able to charge fees for the Straight
https://www.breitbart.com/
Iran can say whatever they want. They tend to brag and lie a lot if you hadn’t noticed. The reality is that their offensive capabilities have been shattered along with their economy. This nonsense for useful idiots in the media. And commenters.
Strait, lol phone
6%
shut it down
I prefer shit it down.
I’m glad to see the government shit down the extra tax.
That’s just silly. Recent history proves federal judges determine tariffs.
The French put a high price on wine it ships to America. Sit down with a California wine from the middle of the state and a French wine of the same grape variety. The California wines are a bit better and a lot cheaper.
But, the French wine has the lah de dah factor no (sniff) CaliFORnia wine will ever have. It may be inferior but… you know.
Like the German car in the driveway may have twice the shop time of the Toyota or Kia parked next to it, but the German badge has cachet or however it’s spelled.
A number of years back a blight went through the French wine country destroying all the old growth grape vines. The vineyards were cleared and new vine sprigs were planted to rebuild the French wine industry. All those new vines came from California. The current French wine looses a bit in the transportation from there to here.
Shoulda gone for the jugular and made it a Wine AND Cheese tax.
Tariffs on foreign goods should replace the federal income tax, which would necessitate the closure of the IRS…that would be AWESOME!
Personally, I prefer New Mexico wines. And no, I’m not joking. Look it up. They’ve been making wine here for 400 years and the elevation + soil content makes it optimal for growing grapes.
There are wines from many parts of the United States that are quite tasty: Washington State, Nampa Valley, New York’s Finger Lakes region, others. Surprisingly to some, wines from Alabama, Georgia, Tennessee, and the Carolinas are quite tasty.
French whines? Don’t need ’em.
.
I just picked up another three bottles of Hatch Chile Wine yesterday in Deming. Laugh if you will, but I find the wine (both the red and the
greenwhite) superbly entertaining, and have friends and family who swear by it as well!It’s not what anyone would consider a “fine” wine but I was pleasantly surprised at how “not horrible” it was. I used to bring several bottles and a case of 505 Hatch tortilla chips back to a former neighbor in Georgia. He and his wife couldn’t get enough of it.
“…but the ministers shit it down.”
Accurate
Leave a Comment