7/26/2019

FRANCE/G7/TARIFFS/TRUMP AS PRESIDENT: “President Donald Trump on Friday floated placing tariffs on French wines and other French products in retaliation for that nation’s new tax on large American technology companies, telling re: “President Donald Trump on Friday [7-26-19] floated placing tariffs on French wines and other French products in retaliation for that nation’s new tax on large American technology companies, telling reporters in the Oval Office that he ‘might’ impose the tax ahead of the G7 summit in August. ‘France put on a tax on our companies … wrong thing to do. They should not have done that,’ Trump said, referring to a tax recently approved by France’s Parliament. It would institute a 3% tax for large technology companies on revenue earned in France beginning January 2020…The President suggested the tariffs could come before the upcoming G7 meeting, which will take place in France.”

Maegan Vazquez and Nikki Carvajal, “Trump ponders tariffs on French wines in retaliation for tech company tax,” CNN Politics, CNN.com, July 26, 2019 6:44 pm