US Threatens 100% Tariffs on French Wine Over Digital Services Tax
The United States has threatened to impose a 100 percent tariff on French wine. This action follows France's implementation of a three percent digital services tax on the revenues of major technology firms operating within its borders. The tax, which began in 2019, targets companies such as Facebook, Amazon, Apple, and Google parent Alphabet. The US is the largest importing country for French wines and spirits.
The United States has threatened to levy a 100 percent tariff on French wine. This proposed measure comes in response to France's recently enacted digital services tax.
France implemented a three percent levy in 2019 on the revenues generated by technology firms within its borders. This tax affects major American technology giants, including Facebook, Amazon, Apple, and Google's parent company, Alphabet.
The United States holds the position as the biggest importing country for French wines and spirits.
According to NDTV World, this threat was made ahead of a G7 summit.
