France fights back over U.S. tariff threat to champagne, cheese

PARIS/LONDON (Reuters) - France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion (1.87 billion pounds). The threat of punitive tariffs followed a U.S. government investigation that found a new digital services tax in France would harm U.S. technology companies, and will intensify a festering trade dispute between Europe..