Trump's threat to tax French wines labelled 'completely moronic'
by Reuters from Economics | The Guardian on (#4M7HZ)
Retaliatory proposal follows France's announced levy for US technology companies
A threat by Donald Trump to tax French wines in retaliation to a proposed levy aimed at big US technology companies is "completely moronic", France's agriculture minister has said.
French plans to place a 3% tax on the "GAFAs" - Google, Amazon, Facebook and Apple - drew an angry response from the US president, who warned last week that his administration would announce "substantial reciprocal action".
Related: France hits back at US over tax on digital giants
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