“Macron stressed that Americans will become “weaker and poorer” after the introduction of new duties”, – WRITE: www.radiosvoboda.org
During a meeting with representatives of French business, he called these measures “brutal and unfounded” and warned their serious impact on the European economy.
“What will be the message if major European players invest billions of euros in the US economy at the time they strike at us,” he added.
Macron emphasized that Americans will become “weaker and poorer” after the introduction of new duties, which, he said, will have a “large -scale impact” on the economy of Europe. He also urged the EU to be unity in response to Washington’s actions, warning against the unilateral steps of individual countries.
He confirmed that the EU reaction would be two -tier. The first answer – the rates already introduced, including steel and aluminum – will be provided in mid -April. The second, wider reaction to duties declared by Trump the day before is expected at the end of the month after a detailed analysis of the sectors with the participation of all Member States and representatives of the economy.
US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.
The basic customs rate on import of all foreign goods to the United States will be 10%. But for EU countries, it will be 20%.
The President of the European Commission Ursula von der Liaen has called universal duties President Donald Trump with a serious blow to the world economy and stated that The European Union is ready to respond to countermeasures, If negotiations with Washington fail.
The International Monetary Fund has previously stated that US President Donald Trump’s desire for large -scale tariffs creates great uncertainty and undermines confidence, but is unlikely to provoke recession in the near future.
