Wine Spectator: White House Holds Off On French Sparkling Wine Tariffs For Now, French Officials SayJanuary 21, 2020
French officials announced yesterday that the U.S. government has agreed to hold off on 100% tariffs on French luxury goods, including handbags, cheese, Le Creuset cookware, and sparkling wine as retaliation for France’s tax on large global technology firms. These officials say the Trump administration will hold off on the tariff increases while negotiations over the tax continue at the Organization for Economic Cooperation and Development (OECD).
The White House issued a statement Monday that said President Trump spoke with Macron and “agreed it is important to complete successful negotiations on the digital services tax.” But it did not confirm he would hold off on tariffs for now. Wine Spectator has more.—Mitch FrankSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.