Trump turns a tax dispute into a trade threat (opens original article in a new tab)

Trump threatened 100% tariffs on French wine unless France eliminates its digital services tax on US tech companies, potentially impacting €9 billion in European alcohol exports to the US.

• Trump threatened 100% tariffs on French wine unless France removes its 3% digital services tax on US tech companies
• French digital tax targets large companies with over €25 million in French revenue and €750 million globally
• Potential tariffs could impact €9 billion in European alcohol exports to the US in 2024
• Trump conveyed the ultimatum directly to French President Macron