Trump threatens France on wine tariffs
President Trump, during his Tuesday morning Twitter tirade against France and its president, Emmanuel Macron, called out the country for charging tariffs on U.S. wine.
"On Trade, France makes excellent wine, but so does the U.S. The problem is that France makes it very hard for the U.S. to sell its wines into France, and charges big Tariffs, whereas the U.S. makes it easy for French wines, and charges very small Tariffs. Not fair, must change!"
The big picture: The European Union's import tariff on U.S. wine ranges from $0.11 to $0.29 per 750mL bottle, according to the California-based Wine Institute. The U.S., meanwhile, charges, between $0.05 and $0.14. Trump has long been critical of the EU's trade policies, and views potential auto tariffs as his best leverage in getting a fair trade deal.