U.S. may impose 100% tariffs on French wine imports if France enforces its 3% digital tax on tech firms.
President Donald Trump warned France that the U.S. will impose 100% tariffs on French wine and champagne imports unless France scraps its 3% digital tax targeting technology companies. The tax applies to revenue generated by firms like Google, Amazon, Meta, and Apple in France.
France introduced the digital tax earlier this year, drawing criticism from the U.S. government, which argues it unfairly targets American tech giants. The potential tariffs could disrupt trade flows and increase costs for U.S. importers of French wine.
The dispute risks escalating trade tensions, with retaliatory measures potentially impacting multinational earnings and market stability. No immediate market reaction was reported.