France to retaliate if US doubles Champagne, cheese prices France is bristling at a U.S. threat to slap steep tariffs on French cheeses, Champagne and other productsFrance is bristling at a U.S. threat to slap 100% tariffs on French cheeses, Champagne and other products, with the French leader telling President Donald Trump on Tuesday that the move would amount to an attack on all of Europe. “Because, in effect, it wouldn’t be France that is being sanctioned or attacked but Europe.”Macron said it’s “not fair” that digital revenues are taxed less than real-life revenues. He said France shouldn’t be singled out for wanting to correct that imbalance with a tax on tech firms. Le Maire noted that France will reimburse the tax if the U.S. agrees to the international tax plan. French wine and cheese producers expressed dismay about being caught in the middle of the battle over digital revenues.

Source: ABC News December 03, 2019 08:37 UTC