Macron confronts Trump's 20% tariffs: Impact on French exports

• Macron's meeting with entrepreneurs: French President Emmanuel Macron plans to meet with representatives of business sectors that will be adversely affected by 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 provoked reactions worldwide, including from the European Commission and leaders of many countries.

French President Emmanuel Macron responded 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 following the implementation of the new tariffs, sales of French wine and spirits in the U.S. will fall by at least 20%.

The U.S. decision to impose tariffs has sparked widespread international reactions. The order signed by Trump on Wednesday imposes "reciprocal tariffs" of at least 10% on imported goods from abroad, with EU goods subject to 20%. Leaders from numerous countries, including Australia, Japan, China, the United Kingdom, and Italy, have commented on this decision.

According to Reuters, Trump's introduction of tariffs could potentially initiate a global trade war, which poses a risk of driving up inflation and stalling economic growth both in the U.S. and globally. The universal 10% tariff rate is due to take effect on 5th April, while tariffs on specific countries will commence on 9th April.