President Donald Trump has threatened President Emmanuel Macron that he is “going to tax your wine” if France proceeds with its digital services tax. Action is unlikely in the short-term given the section 301 review underpinning the threat is still at the consultative stage through mid August. French exports of wine to the U.S. reached a record high of $2.1 billion in the 12 months to May 31 after rising 6.6% year over year. U.S. exports to France meanwhile were worth just $82 million. The fastest growing French exporter to the U.S. has been LVMH following a 37.2% year over year growth i...
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