{"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-a…","video_id":"ac42da46-10ce-476d-b0d6-9c52511705e0","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Safest Countries in 2019"}
"France just put a digital tax on our great American technology companies," Trump wrote on Twitter, Anadolu news agency reported.
"If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly," the US president noted.
Trump appeared to hint that the punitive actions he is considering could be imposed on French wine, saying "I’ve always said American wine is better than French wine!"
French President Emmanuel Macron signed the tech giant tax into law Thursday. It applies a 3% tax on tech companies that have total annual revenues of at least 750 million euros with 25 million euros coming from their French revenues.
It is set to hit several major American firms, including Amazon, Apple, Facebook and Google.
The Office of the United States Trade Representative already initiated an investigation at Trump's behest into the law as it was winding its way through the French legislature.
At issue is concern that the law unfairly targets American technology companies.
"France’s unilateral measure appears to target innovative US technology firms that provide services in distinct sectors of the economy. It also demonstrates France’s lack of commitment to the ongoing OECD negotiations," White House Spokesman Judd Deere said in a statement.
"The Trump Administration has consistently stated that it will not sit idly by and tolerate discrimination against US-based firms. The US Trade Representative has already launched a Section 301 investigation into France’s digital services tax, and the Administration is looking closely at all other policy tools," added Deere.
