Trump hints at action over French wine tariffs

Source: The Hill | June 10, 2019 | Brett Samuels

President Trump on Monday suggested he may take action to address what he deems an unfair tariff imbalance on wine imports and exports with France.

The president was defending his use of tariffs against China during an interview with CNBC when he cited other examples where he believes the U.S. is being treated unfairly on trade.

“You know, France charges us a lot for the wine and yet we charge them little for French wine,” Trump said.

The president claimed that winemakers in California complained to him that French wine can be imported at little cost, but that they have to pay high duties to export their products into France.

“And you know what, it’s not fair,” Trump said. “We’ll do something about it.”

France does not set its own tariffs on wine — the duties are determined by the European Union. As a result, any tariffs imposed by the U.S. would apply to the entire trading bloc.

……….

Tagged: , ,

Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.