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Europe Shouldn’t Retaliate in Kind to U.S. Tariffs, Says French Finance Minister
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France’s finance minister said the European Union shouldn’t respond to President Trump's reciprocal tariffs with similar countermeasures as it would hurt Europe’s economy and consumers. "We are working on a package of responses that can go beyond tariffs to bring the U.S. to the negotiating table and reach a balanced agreement," Éric Lombard said in a TV interview on Friday. "If we do like the U.S., if we apply tariffs to all American imports, we will also have a negative effect in Europe," he added.
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