Trump Threatens Tariffs on French Wine Ahead of G7 Summit

Donald Trump has threatened to impose a 100 percent tariff on French champagne and wine if France does not eliminate its digital services tax on American companies. Trump made this statement prior to the G7 summit in Evian-les-Bains, France, where leaders from Canada, France, Germany, Italy, Japan, the U.K., and the U.S. will discuss various issues. The digital services tax, introduced by France in 2019, imposes a 3 percent tax on revenue generated by tech companies such as Google, Meta, Amazon, and Apple, which collectively earned around $700 million from this tax last year. Trump's comments contradict claims from French President Emmanuel Macron's office that the issue had been resolved among G7 members. The summit is expected to be contentious, with other topics including Trump's ongoing conflict with Iran and its impact on global oil prices.