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Trump talked about putting a massive tariff on French wine at a Hamptons fundraiser, according to report

Trump talked about putting a massive tariff on French wine at a Hamptons fundraiser, according to report
Christophe Petit Tesson/Pool via AP



President Donald Trump floated a tariff of as much as 100% on French wine at a fundraiser in Long Island, according to a report from Bloomberg.




The remarks come amid a trade dispute over a proposed French tax on major tech companies including Google, Facebook, and Amazon.




Trump has made references to taxing imports of French wine in the past.




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President Donald Trump floated a tariff of as much as 100% on French wine at a fundraiser in Long Island, according to a report from Bloomberg's Jennifer Jacobs and Jenny Leonard.
Citing two sources with knowledge of the president's remarks at an August 9 business roundtable in the Hamptons, Bloomberg noted that the specific proposal might not be completely serious, although trade tensions between the US and France have been rising recently.
France recently proposed a 3% tax on revenues of major technology companies doing business in the country, including Facebook, Amazon, and Google. In July, the Trump Administration opened an investigation into that proposed tax, which could result in retaliatory tariffs against France.
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