Taxes on French Wine and Cheese Tabled Until 2021

/ / Businesss, Legal & Regulatory

A tax on imported French wine and cheese has been delayed until 2021. U.S. President Donald Trump and French President  Emmanuel Macron agreed to hold off on potential tariffs until the new year. French products — like  Le Creuset Dutch ovens, Hermès handbags, Roquefort cheese and French-made wine — would have been taxed. One wine importer told the news the potential tariffs were the greatest threat to the wine industry since Prohibition. Trump threatened the taxes in retaliation for a tax imposed in France on large American tech firms, such as Facebook and Google.

Read more (Wine Spectator)