US-France Trade Tussle: Economy Minister Slams "Foolish Feud" with the U.S.
Escalating Trade Feud: France's Economic Minister Slams 'Foolish Conflict' with the U.S. - U.S. Customs: French Economy Minister Slams "Foolish Conflict" with U.S.
Here's the lowdown:
"Alright, so Trump is known as a 'deal broker', right?" says Lombard. "He likes to kick things off by slapping on some tariffs." Lombard continues, "If we want to chat with this guy, we gotta stand toe-to-toe with him." He's gearing up for a chat with the Yank bigwigs in the near future, aiming to calm the brewing storm.
Pre-dawn on hump day, Trump tagged the French with a 25% whack on steel and aluminum goods. This tariff move is the first during his second round that leaves the EU square in the crosshairs. Their reaction? A counterpunch on jeans, whiskey, and motorbikes, all set for deployment on April Fool's Day.
The EU's counter-tariffs are merely a rehash of those employed back in Trump's initial term to retaliate against earlier US tariffs on steel and aluminum. Seems like these baby bulletins are aimed right at the heart of states that lean red.
- France
- Donald Trump
- USA
- Eric Lombard
- Tariff Increase
- US President
- Steel
- EU
- Eric Lombard, the French Economy Minister, expressed his concerns about the ongoing trade tussle between France and the United States, stating that dealing with US President Donald Trump often involves a tariff increase.
- In a move reminiscent of Trump's first term, the EU, including France, has announced counter-tariffs on American products such as jeans, whiskey, and motorbikes, in response to the US President's recent 25% tariff increase on steel and aluminum goods from the EU.
- As the US President continues to impose tariff increases, particularly on steel, France and other EU countries are considering their responses, aiming to safeguard their interests in the face of senseless and potentially damaging trade policies.
