AI Generated Image
Trump says France must scrap tech 'sales tax' or face 100% wine tariffs: NY Post
CNBC • • nation
Key Points:
- President Donald Trump has threatened France with 100% tariffs on U.S. imports of French wines and champagne unless France repeals its 3% digital services tax on large tech companies.
- The tax, approved in 2019, targets gross revenues generated in France by major U.S. tech firms like Amazon, Meta, and Alphabet.
- French wine exports to the U.S. account for about $2 billion annually, roughly one-fifth of the industry's global sales, making the tariff threat economically significant.
- This is not the first time the Trump administration has targeted French wine in retaliation for the digital tax, with previous threats and tariffs dating back to 2019.
- French wine exports to the U.S. declined by 15.9% in value from 2024 to 2025, though it is unclear whether tariffs or changing consumer preferences caused the drop.
