Washington (CNN) President Donald Trump on Friday floated placing tariffs on French wines and other French products in retaliation for that nation's new tax on large American technology companies, telling reporters in the Oval Office that he "might" impose the tax ahead of the G7 summit in August.

"France put on a tax on our companies ... wrong thing to do. They should not have done that," Trump said, referring to a tax recently approved by France's Parliament. It would institute a 3% tax for large technology companies on revenue earned in France beginning January 2020.

"I've always liked American wines better than French wines. Even though I don't drink wine. I just like the way they look, OK?" Trump added. "American wines are great, and they didn't do the right thing when they start taxing our companies. We tax our companies, they don't tax our companies."

Still, the President said he maintains a good relationship with French President Emmanuel Macron, adding that he had just spoken with the leader.

"But they shouldn't have done this. They're used to taking advantage of the United States, but not with me as President," Trump continued.

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