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Trump threatens to impose wine taxes on France in response to tech tax issues

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CryptoWorld News reports that, according to The New York Post, U.S. President Donald Trump warned that France faces the risk of a new round of trade war with the United States. Trump stated that he has directly issued a clear warning to French President Macron, demanding that he abandon the 3% tech tax, or face devastating tariffs in the U.S. market. The U.S. market accounts for one-fifth of France's global wine sales, with annual sales exceeding $2 billion. Trump said, "I told him not to tax American companies; if they do, I have no choice but to impose a 100% tariff on all champagne and wine from France. Macron just needs to eliminate the sales tax, and this pressure will disappear." France's digital services tax (commonly known as the "GAFAM tax") officially came into effect in 2019. The tax broadly levies a 3% charge on local revenue generated by companies like Alphabet, Amazon, Meta, and Apple in France. Since this policy targets gross revenue rather than profit, it hits American tech giants the hardest.
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BlueGlassJelly
· 2h ago
The 3% digital tax collected in 2019 was met with 100% retaliatory tariffs in 2025, this leverage is more aggressive than DeFi protocols.
View OriginalReply0
Half-MeltedIceCreamPosition
· 2h ago
Champagne is about to become Champagne Assassin
View OriginalReply0
OnchainComplainer
· 2h ago
The 2 billion dollar market was cut just like that, Macron's head hurts more than a wine cellar right now.
View OriginalReply0

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