Trump Vows ‘Substantial Reciprocal Action’ Over France’s Digital Tax ‘Foolishness’
“I’ve always said American wine is better than French wine!” the president tweeted.
REUTERS
President Trump is not pleased with France’s new tax on Internet giants. On Friday, Trump blasted French President Emmanuel Macron’s “foolishness,” tweeting that if anyone taxes American tech companies, it should be America. “We will announce a substantial reciprocal action on Macron’s foolishness shortly,” he wrote, adding, “I’ve always said American wine is better than French wine!” He also told reporters on Friday afternoon he “might” slap tariffs on French wine. “American wines are great,” Trump reportedly said.
The 3 percent tax, which was signed into law by Macron this week, only applies to companies worth more than $850 million that have made at least $28 million in France. U.S. tech giants like Apple, Facebook, Amazon, and Google would be affected by the tax.
France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly. I’ve always said American wine is better than French wine!
— Donald J. Trump (@realDonaldTrump) July 26, 2019
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