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U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital tax
Credit: Reuters- Published on December 3, 2019
The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm U.S. tech companies.
Video credit: Wochit
Published on December 3, 2019 - 00:44
Trump Administration Wants To Jack Up The Price Of French Champagne, Luxe Goods
The Trump administration believes France discriminates against US-based technology giants.
According to Business Insider, their justification via a digital services tax it passed in July.
In response, it's threatened to hit France with steep retaliatory tariffs on dozens of its products.
The Office of the US Trade Representative wants tariffs as high as 100% on roughly $2.4 billion worth of its products.
Dairy products, including delicious French cheeses, could be targeted.
Soap, makeup, handbags, and kitchenware also made the hit list.
Finally, sparkling wine, made from grapes could be taxed beyond all recognition, including champagne. Mon Dieu!
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