Macron seeks solutions after Trump's tariffs hit French exports
French President Emmanuel Macron will meet with representatives of the sectors affected by the 20% U.S. tariffs. The decision to impose these tariffs was made by Donald Trump on Wednesday.
What do you need to know?
- Macron's meeting with entrepreneurs: French President Emmanuel Macron plans to meet with representatives of business sectors that will suffer due to the new U.S. tariffs.
- Impact on exports: The French Federation of Wine and Spirits Exporters (FEVS) predicts a decline in the sales of these products in the U.S. by at least 20%.
- Global reaction: The U.S. decision has sparked reactions worldwide, including from the European Commission and leaders of many countries.
Which sectors will be affected by the U.S. tariffs?
French President Emmanuel Macron reacted to U.S. President Donald Trump's decision to impose 20% tariffs on goods from the European Union. On Thursday, he will meet with representatives of business sectors that will be most affected by these tariffs. The French Federation of Wine and Spirits Exporters (FEVS) has estimated that after the new tariffs take effect, sales of French wine and spirits in the U.S. will drop by at least 20%.
What will be the global consequences of the new tariffs?
The decision to impose tariffs by the U.S. has triggered wide international reactions. The order signed by Trump on Wednesday imposes "reciprocal tariffs" of at least 10% on imported goods from abroad, with goods from the EU subjected to 20%. Leaders of many countries, including Australia, Japan, China, the United Kingdom, and Italy, commented on this decision.
Will the U.S. Tariffs trigger a trade war?
According to Reuters, Trump's introduction of tariffs could start a global trade war, which threatens to drive up inflation and halt economic growth both in the U.S. and worldwide. The universal 10% tariff rate is set to take effect on April 5, while tariffs on specific countries will commence on April 9.
