Customs duties: the EU must be “firm”, according to French and German economists

Since coming to power, Donald Trump, using threats, violence and blackmail to serve the interests of a small oligarchy,

Customs duties: the EU must be “firm”, according to French and German economists

Paris – The Franco-German Council of Economic Experts (CFAEE) published a note on Tuesday regarding how the EU should respond to the announcement by American President Donald Trump on April 2 of a 10-point increase in tariffs, stronger increases in certain sectors, and finally “reciprocal tariffs” that are sometimes exorbitant – 20 points for the EU – targeting countries with trade surpluses in goods with the United States.  On April 9, Mr. Trum…

The French Conseil d'analyse économique (CAE) and the Franco-German Council of Economic Experts (FGCEE) are calling for the EU to take a leading role in "defending the global trading order." To do so, the EU must be prepared, if necessary, to decisively oppose tariffs that endanger global trade and the global economy, the organizations announced on Tuesday. Monika Schnitzer, co-chair of the FGCEE, said the EU must support European companies whos…