Synopsis
US President Donald Trump has issued a stern warning to France. He threatens to impose 100% tariffs on all French wines and champagne. This action will be taken if France does not scrap its 3% digital services tax on American tech companies. The US is a major market for French wine. The G7 summit is currently underway in France.Listen to this article in summarized format
Trump said he relayed the warning directly to French President Emmanuel Macron, giving him a clear condition: drop the levy or face punishing duties in the American market. The US accounts for roughly a fifth of the French wine industry's global sales, worth over $2 billion annually.