Economy

French Economy Minister Criticizes US Tariffs as a Threat to Global Trade Cooperation

French Minister Slams US Tariffs

In a recent interview with France Inter, Eric Lombard, France's Minister of the Economy, Finance, and Industry, voiced strong opposition to the escalating trade tensions between the United States and the European Union. Lombard described the latest US tariffs on European automakers as "damaging and counterproductive," emphasizing the negative impact on both economies.

Call for Cooperation Over Confrontation

The minister underscored the importance of resolving trade disputes through cooperation rather than confrontation. "Very bad news and an uncooperative act," Lombard remarked, highlighting the need for a unified approach to trade negotiations.

EU Prepares Retaliatory Measures

Confirming the EU's stance, Lombard revealed that retaliatory tariffs on US goods are in the works, with the European Commission currently finalizing a targeted list. Despite these measures, the minister expressed optimism for a swift resolution, urging both parties to avoid the pitfalls of a prolonged trade war.

Lombard presented the situation as a critical choice: to passively accept further aggression or to actively defend European interests through measured responses.