US EditionFrance’s Industry Minister Says 10% Tariffs Not Good Deal for EU
FRANCE, JUL 4 – France's Industry Minister warns a 10% tariff on EU exports to the US would harm integrated sectors and urges united EU negotiations before tariffs potentially rise to 50%.
- The 90-day suspension on the tariffs introduced by the US on April 2 in relation to Liberation Day will conclude in two days, which could lead to the issuance of new tariff notifications from the US.
- This pause followed global tariff measures targeting all countries, with the EU racing to finalize a trade deal before tariffs could jump to 50% on most exports by July 9.
- French Industry Minister Marc Ferracci criticized proposed 10% tariffs on European exports as a bad deal, highlighting negative impacts on integrated sectors like aeronautics.
- PwC's John O'Loughlin stated, "10% is not a good answer," and noted businesses had hoped tariffs might eventually drop to zero but that seems unlikely.
- The EU continues to press for lower tariffs and exemptions on key sectors while businesses and officials prepare for ongoing uncertainty in trade relations.
Insights by Ground AI
Does this summary seem wrong?
15 Articles
15 Articles
All
Left
2
Center
2
Right
2
French Industry Minister Marc Ferracci asserted this Friday that signing a treaty with the United States that includes a universal 10% tariff on European imports "is not a good deal," which would open the door to...
Coverage Details
Total News Sources15
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
Factuality
To view factuality data please Upgrade to Premium
