Will tax French wine in retaliation of their digital tax: Trump

PTI Washington | Updated on July 27, 2019 Published on July 27, 2019

US President Donald Trump on Friday said he would impose tax on French wine in retaliation of France’s digital tax that would impact American companies.

“I told him (French President Emmanuel Macron) don’t do it, because if you do it, I’m going to tax your wine -- tariff or tax -- call it whatever you want. So, yeah, we are working on that right now,” Trump told reporters at the White House.

Earlier, Trump spoke to Macron over phone, during which the two leaders discussed a host of issues, including addressing the continued threat posed by Iran to commercial shipping traffic in the Strait of Hormuz, France’s decision to adopt a digital services tax and the upcoming G7 Summit, according to White House spokesperson Judd Deere.

Responding to a question, Trump said he “might” impose tax on French wine.

“So, France put a tax on our companies. You know that. Wrong thing to do. They should not have done it. So I may do that,” he said.

“I have always liked American wine better than French wine, even though I do not drink wine. I just like the way they look, okay? But American wines are great. They did not do the right thing, when they started taxing our companies,” Trump said.

Referring to his conversation with Macron, the president said he shared a good relationship with his French counterpart.

“But they should not have done this. They are used to taking advantage of the United States, but not with me as the president,” he said.

Published on July 27, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.