France Digs In on Digital Tax as Trump Floats Tariffs on Wine
- Macron signed 3% tax on digital revenue affecting U.S. firms
- Trump threatened ‘substantial reciprocal action’ in response
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France stuck to its plan to tax big multinational tech companies, defying U.S. President Donald Trump’s suggestion that he might impose tariffs on French wine.
“It’s in all of our interest to move toward a just taxation worldwide for digital companies,” French Finance Minister Bruno Le Maire said in Paris. Wine tariffs and the digital tax are “completely different issues” and shouldn’t be lumped together, he told reporters on Saturday.