Donald Trump on Monday, January 19 threatened 200% tariffs on French wine and champagne over France’s intentions to decline the US leader’s invitation to join his “board of peace.” The board was originally conceived to oversee the rebuilding of war-torn Gaza, but the charter does not appear to limit its role to the occupied Palestinian territory.
“I’ll put a 200% tariff on his wines and champagnes. And he’ll join. But he doesn’t have to join,” Trump said, referring to French President Emmanuel Macron. A source close to Macron told AFP on Monday that France “does not intend to answer favorably” to the invitation.
The board’s charter “goes beyond the sole framework of Gaza,” the source close to the French president said.
I don’t know, it could backfire. People don’t buy French wines for their low price but because of their reputation. Sometimes making a premium item more expensive just makes it seem more premium.
French wineries should lean into that. I bet they get huge profits
He’ll blow a gasket when he realizes that less French wine import means a boost to the Californian GDP.