Trump targets France with threat to slap tariffs on champagne

The Trump administration is threatening to slap tariffs on French products worth billions of dollars, as part of a major escalation of its trade war.

Champagne, luxury handbags and Roquefort cheese could be affected under the proposals, which are in response to a new French tax on big US tech firms.

According to US officials, the charges would cover French imports worth $2.4bn (£1.9bn).

The plans are aimed at making the goods less attractive to US consumers as they could double current prices.

Image:Relations between Donald Trump and his French counterpart Emmanuel Macron are expected to be severely tested

The announcement, the latest in an expansion of US trade threats this week, contributed to a fall in global stock markets which deepened during a news conference given in London by Donald Trump in which he signalled there was no deadline for concluding his existing trade war with China – blamed for a global economic slowdown.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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