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EU to retaliate against new US tariffs — France

The French foreign minister, Jean-Noel Barrot, warned on Monday that the European Union would retaliate by replicating any tariffs imposed on it by the United States, warning Washington against a trade war.

“There is no hesitation when it comes to defending our interests,” Barrot said in an interview with TF1 after US President Donald Trump announced on Sunday that Washington will move this week to impose 25 per cent tariffs on steel and aluminium products.

Asked whether France and the EU would retaliate against the measures announced by Trump, Barrot said, “Of course. It’s not a surprise. This is already what Donald Trump did in 2018 (during his first term as president). At that time, we replicated. So, we will replicate again this time.”

When asked what retaliation measures would be agreed upon, Barrot replied that it was up to the European Commission to decide what sectors would be targeted.

“No one has an interest in entering into a trade war with the European Union,” he warned.

The tariffs on steel and aluminium imports were the latest in a slew of trade levies the US leader has announced that have raised fears of a global trade war.

French President Emmanuel Macron told CNN that the EU should not be a “top priority” for the US after Trump’s repeated threats to target the bloc.

“Is the European Union your first problem? No, I don’t think so. Your first problem is China, so you should focus on the first problem,” he said, adding that the EU must be ready to react to US actions.

AFP

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