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The spectre of a transatlantic trade war looms again as US President Donald Trump has threatened to impose sweeping tariffs of up to 25% on all EU goods.
The potential move could send shockwaves through the French economy. In response, Brussels has signalled that it will be ready to retaliate.
The spectre of a transatlantic trade war looms again as US President Donald Trump has threatened to impose sweeping tariffs of up to 25% on all EU goods.
The potential move could send shockwaves through the French economy. In response, Brussels has signalled that it will be ready to retaliate.
One month ago, US President Donald Trump signed an executive order imposing a 25% tariff on imports of steel, aluminium, and related derivative products, affecting approximately €26 billion worth of EU exports.
The US is France's fourth-largest customer and fifth-largest supplier in 2023, according to Natixis, a major French banking group.
Aeronautics, pharmaceuticals, wines and spirits together account for more than a third of French exports to the US, meaning these sectors are particularly vulnerable.
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