Trump threatens France before heading there for G-7 summit. Might 'tax their wine' (VIDEO)
President Donald Trump answered a number of questions before his G-7 meeting.
One in particular stood out the most: a threat to tax their wine if he doesn't get his way.
No wonder the other countries at the event don't want him there.
"We will be taxing (French) wine or doing something else. We'll be taxing their wine like they've never seen before." He then claims he doesn't "like it."
French President Emmanuel Macron has in place a tax against global technology companies, which Trump incorrectly sees as an attack on the United States, even though it applies equally to all tech firms around the world that do business in France to pay a more "fairer" tax.
Trump iterated the same stance not long ago, in July:
"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!"
Bloomberg reported earlier this month that Trump discussed at a business round table in the Hamptons about putting as high as a 100% tax on French wines. That is making French winemakers very nervous.
“We’re extremely concerned, it’s a worrying situation, you can’t deny it,” said Marcel Perinet, a small organic and natural wine-maker in south-eastern France who exports 40% to the US and Canada.
This isn't exactly the way to get on France's good side. And, it's likelihood of success would be just as probable as Trump's current success with Chinese tariffs: zero, zilch, nada.