Donald Trump is kicking off a summit of major industrialized nations in France by threatening a new trade war with the hosts over its tax on his billionaire backers in Silicon Valley.
“I asked them not to charge American companies, and if they do, I have no choice but to charge a 100 percent tariff on all champagnes and all wines coming out of France,” the president, who turned 80 on Sunday, told the New York Post. “All [French President Emmanuel Macron] has to do is get rid of the sales tax, and he wouldn’t have that kind of pressure.”
His warning comes ahead of Monday’s annual G7 summit, which brings together Canada, France, Germany, Italy, Japan, the U.K. and the U.S. to discuss issues of trade and security. This year’s edition is being held in Evian-les-Bains, France.
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