Economy

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

French Minister Criticizes US Tariffs on European Automakers

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 not only damaging but also counterproductive, warning of the potential harm to both economies.

Call for Cooperation Over Confrontation

Lombard emphasized that the resolution of trade disputes lies in cooperation rather than confrontation. He labeled the US tariffs as "Very bad news and an uncooperative act," highlighting the need for a unified approach to avoid further economic strain.

EU Prepares Retaliatory Measures

The minister confirmed that the European Union is in the process of preparing retaliatory tariffs on US goods, with the European Commission currently finalizing a targeted list. Despite these preparations, Lombard expressed optimism that both parties would soon realize the futility of a prolonged trade war.

Lombard presented the situation as a critical choice between passively accepting measures that could lead to further aggression or taking a stand to protect European interests through a measured and strategic response.