[WASHINGTON] US President Donald Trump said on Friday the United States would hit France shortly with a 'substantial reciprocal action' - and warned a new American tax on French wine was possible - after Paris announced a tax aimed at US technology companies. Read more at The Business Times.
US President Donald Trump said on Friday the United States would hit France shortly with a "substantial reciprocal action" - and warned a new American tax on French wine was possible - after Paris announced a tax aimed at US technology companies.
"They shouldn't have done this," Mr Trump said."I told them, I said, 'Don't do it because if you do it, I'm going to tax your wine.'"He added a few minutes later the US response would be announced soon and it"might be on wine, it might be on something else."The United States is by far the largest single export market for French wine and spirits, which is France's second-biggest export after aerospace.
He added"the administration is looking closely at all other policy tools." Last week, Mr Trump spoke with Mr Macron and expressed concerns about the country's proposed digital services tax, the White House said. Two weeks ago, the French Senate approved the 3 per cent levy that will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says US could tax French wine in retaliation for digital taxUS President Donald Trump said on Friday the United States would hit France shortly with a 'substantial reciprocal action' after Paris announced a ...
Read more »
In Roundup case, US judge cuts US$2 billion verdict against Bayer to US$86 millionA California judge on Thursday reduced a US$2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed ...
Read more »
US judge blocks new Trump asylum ruleA U.S. judge in San Francisco on Wednesday stopped the Trump administration from enforcing a new rule that would bar almost all asylum ...
Read more »
US Senate committee backs Trump nominee to be UN ambassadorThe U.S. Senate Foreign Relations Committee on Thursday backed Kelly Craft, currently the U.S. ambassador to Canada, as President Donald Trump's ...
Read more »
US deli owner under fire for Trump-inspired promotionLOS ANGELES : A sandwich shop owner in northern California has come under fire for a publicity stunt offering customers who say 'send her back' a free side dish. Mr John Canesa, who runs Canesa's Brooklyn Heros deli in the town of Clayton, north of San Francisco, launched...
Read more »
US Democrats push Trump probe schedule risking campaign clashA day after former US Special Counsel Robert Mueller's high-profile testimony, House Democrats vowed to push forward with an investigation of ...
Read more »