Trump threatens French wine in digital tax retaliation

phys.org | 7/11/2019 | Staff
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2019/5-presidentdon.jpg

US President Donald Trump on Friday vowed "substantial" retaliation against France for a tax hitting US tech giants, accusing his counterpart Emmanuel Macron of "foolishness" and issuing a veiled threat to impose tariffs on French wine.

"France just put a digital tax on our great American technology companies," Trump tweeted about the law, which is set to affect US giants Google, Apple, Facebook and Amazon.

Anybody - Taxes - Home - Country - USA

"If anybody taxes them, it should be their home Country, the USA," he added. "We will announce a substantial reciprocal action on Macron's foolishness shortly."

Trump hinted that the threatened countermeasure might hit one of France's export crown jewels—wine.

Wine - Wine - President

"I've always said American wine is better than French wine!" the teetotal president said.

Deputy White House spokesman Judd Deere said Washington was "extremely disappointed by France's decision to adopt a digital services tax at the expense of US companies and workers."

Trump - Administration - Discrimination - Firms

"The Trump administration has consistently stated that it will not sit idly by and tolerate discrimination against US-based firms," he said in a...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!