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.
And that’s why the EU made sure there is now the Mercosur deal with South America, Canada free trade deal, deal with Australia, the deal with Indonesia and probably some I forgot. We all knew this moment would come.
Americans don’t realize they are a minority
Yes, they were a rich minority, and the rich part that is most interesting for trade is shrinking.
This is also what China is doing and the only loser will be the USA.
It’s quickly reaching the point where all the US will be able to export will be movies and television.
Until Trump turns on Hollywood because they won’t give him an honorary oscar, that is.
Games. Computer and console games are as big as Hollywood now
The share of USA movies and television is slowly getting smaller in the rest of the world. It’s still big but competition is rising.