French Prime Minister Francois Bayrou, said that the world commercial tariffs of US President Donald Trump could cost France more than 0.5% of his GDP, in an interview published on Saturday.
Trump’s tariffs against numerous countries increased the fears of a general commercial war and a recession, sending the markets of madness to madness after they unleashed on Wednesday.
In the case of France, the duties could shave a full point of production, the centrist prime minister was summoned in the Sunday edition of the Le Parisien newspaper.
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“The risk of loss of employment is absolutely important, as well as that of an economic deceleration or a high in investment,” he said.
A “baseline” rate of 10 percent entered into force on Saturday and April 9, around 60 commercial partners, including the European Union, will face even higher rates.
“The destabilization that the global economy will weave for a long time,” said Bayrou, added that such economic uncertainty could threaten France’s efforts to reduce its deficit.
Bayrou said that he will share 15 the “general framework” of the options that will be taken for the 2026 budget.
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“The French must participate in two needs: to find the means for our independence, our security, our defense and before all our production capacity,” he said.
Earlier on Saturday, the French president, Emmanuel Macron, and the Prime Minister of the United Kingdom, Keir Starmer, agreed that “a commercial war was from anyone” but that “nothing was out of the table” with respect to his response to the tariffs.
Bayrou also criticized how the support of the president of the United States, Donald Trump, for the figure of the French -right French Marine Le Pen right in his Emzzzlens condemnation.
Referring to Trump’s comment that the case against Le Pen was a “witch hunt”, the centrist prime minister described him as “interference” in French affairs, fulfilling that “there are no borders” in international political discourse.
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