US and France in standoff over wine, tech tariffs
France is pushing ahead with a tax on tech companies such as Google and Facebook despite U.S. President Donald Trump’s threats of retaliatory tariffs on wine.
That’s rattling French vintners, who sold 1.6 billion euros ($1.78 billion) worth of wine last year to U.S. consumers. But neither Trump nor French President Emmanuel Macron appears ready to back down.
After Trump slammed the tax Friday, French Finance Minister Bruno Le Maire said France will implement it anyway. The 3% tax mainly concerns companies that use consumer data to sell online advertising.