How will Trump's'Liberation Day' tariffs impact France #news #viranews #usa #france #trending #trend

How will Trump's Liberation Day' tariffs impact France? Although France is less exposed than EU neighbours Italy and Spain, new tariffs announced by US President Donald Trump on Wednesday could severely impact strategic industries including aeronautics, wine and spirits, and luxury goods. French President Emmanuel Macron on Thursday pledged a "massive response.. As part of a promise to reindustrialise the US and usher in a new “golden age”, Trump on April 2 unveiled sweeping tariffs on US economic partners in order to “rebalance global trade flows”. Trump’s order hikes current rates to a baseline 10 percent on all imports to the US, and 20 percent for products coming from the European Union.

Tariffs are a flagship policy of Trump’s “America first” agenda, which aims to reduce the US trade deficit – which stood at nearly 100 billion dollars at the end of 2024 – and the country’s staggering overall debt, which hit a record $36.1 trillion – equivalent to 100 percent of GDP – in January 2025.

But they may also cause price hikes and supply chain disruption that could have a devastating effect on the global economy.

Macron said Thursday that the new tariffs were a "brutal and unfounded" shock for international trade, and that France’s reaction would be “more massive” than its response to previous tariffs imposed by Trump. He called for a suspension of French investment in the US until the tariffs are clarified.

Prime Minister François Bayrou on Thursday also criticised the US policy. "This decision is a catastrophe for the economic world," he said. "It is an immense difficulty for Europe. I believe that it is also a catastrophe for the United States and for American citizens."
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