French Prime Minister Bayrou: US tariffs are disaster for global economy
French Prime Minister Francois Bayrou expressed serious concern about the US plans to raise customs duties.
This is reported by Censor.NET with reference to BFM-TV.
According to him, this step will have a devastating impact on the global economy and will cause great difficulties for Europe. Baird also noted that the increase in duties would be a disaster for the United States and its citizens.
"This decision is a disaster for the global economy. It is a huge hardship for Europe. I believe it is also a disaster for the United States and for American citizens," he emphasized.
The prime minister noted that the idea of a global trade war in which each region would withdraw into itself poses a danger to the entire world, which, unfortunately, could come true in the future.
Bayrou also criticized the US administration for "turning against its allies" and added that this move opens a period of uncertainty that calls into question the economic stability and society of France as a whole.
Trump imposed tariffs
As a reminder, Trump signed a decree imposing a minimum 10 percent tariff on almost all goods entering the United States. For some countries, the tariffs are higher. In particular, China - 34%, the European Union - 20%.
Later, it became known that Trump had declared a state of emergency in the country's economy.
