Concerning the European response, the French finance minister warned that he may go “beyond tariffs”
The Minister of Economy Eric Lobar (photo) today called on Friday French businesses to show ‘Patriotism’ Against the mass customs duties announced by Donald Trump, and not to transfer their work to the US.
‘We call on patriotism’ (them), Lobard told BFMTV/RMC.
Commitment to negotiation with Americans for duties, he noted that “It is clear that if a large French business agreed to open a factory in the United States would be like to give a point to the Americans’, added.
President Emmanuel Macron called on French businesses on Thursday to suspend their investment beyond the Atlantic.
As far as the European response is being prepared, Eric Lobard warned that he may goes “beyond the duties”. He referred to standards, data exchanges and financial tools.
“We will respond to a set of products for which we are not in danger of disrupting the scale of value in Europe,” The minister added. ‘The answer can be very strong, and it should not be a responsee exactly the same weapons Because if we act like the United States (…) we will also have a negative result in Europe, “with inflation, decline in growth, he said.
The answer must be ‘proportional’ and ‘lead us to the negotiation table’, ‘As equal to equal’, As the European economy is one of the most powerful in the world, it insisted.
“We have all the means to negotiate (…) to ensure a disarmament (of the measures announced), as soon as possible. Dialogue continues on a permanent basis’, He stressed.
Source: Skai
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