Trump Threatens 200% Tariff on French Wine as Macron Rejects 'Board of Peace'

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Moneycontrol•20-01-2026, 14:15
Trump Threatens 200% Tariff on French Wine as Macron Rejects 'Board of Peace'
- •Donald Trump threatened a 200% tariff on French wine and champagne after Emmanuel Macron rejected an invitation to join Trump's 'Board of Peace'.
- •The 'Board of Peace', initially for Gaza's post-war reconstruction, has a broader mandate, causing concern among European allies.
- •France cited concerns that the board's charter goes beyond Gaza and could conflict with UN principles, confirming they will not join.
- •Russian President Vladimir Putin, Argentina's Javier Milei, and Canada's Mark Carney have also been invited to the board, which seeks $1 billion contributions for permanent membership.
- •Trump also plans a 10% tariff on goods from several European nations starting February 1 until Greenland is ceded to the US, citing strategic value and rare earth minerals.
Why It Matters: Trump uses tariff threats to pressure allies into geopolitical initiatives, raising concerns about international relations.
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