The US may impose customs tariffs on French wines in response to the digital tax imposed by Paris, which particularly affects American companies, US President Donald Trump told reporters on the South Lawn of the White House before flying to the Group of Seven summit in France.
Trump said he is not a “big fan” of tech companies but “those are great American companies and frankly “I don’t want France going out and taxing our companies,” Reuters reported.
“And if they do that ... we’ll be taxing their wine like they’ve never seen before,” he added.
Earlier, Trump told reporters he admits the introduction of customs tariffs on goods from France, particularly including wines, due to the digital tax in relation to American companies.
On July 11, the French Senate finally passed a bill on taxation of the largest companies offering digital services. This tax will affect the profit of Internet giants received after January 1, 2019, and will amount to 3% of the total turnover in France. It partly covers all companies whose turnover exceeds € 750 million in the world and € 25 million in France, as well as companies whose field of activity covers online advertising, online sales or the work of information aggregators.