Wednesday’s announcement by Donald Trump of a suspension of customs duties for 90 days shows that there is a “negotiation space”, but should not be “screaming victory,” said Eric Lombard’s minister this Saturday, April 12 in the columns of France. He also warned about the risk of an explosion of Chinese exports.
“The Americans maintain the increase in customs tasks by 10% for all European products imported to the United States, not to mention the steel and cars measures that are maintained. Therefore, we face less bad news. Why Europe must maintain the pressure,” he said.
If it is too early, according to Eric Lombard, to quantify the precise impact of this 10%increase, “it can be estimated at a growth of 0.2%. It was taking into account this impact that proposed a decrease in our growth forecast by 2025 to 0.7%”, Wednesday in TF1.
“Highlight any increase in China products”
The minister recently brought together business leaders to encourage them to “invest in Europe.” “They have interest in it because it is a stable, democratic and predictable economic zone,” he said.
In addition, Eric Lombard emphasizes that France monitors the flows of goods because “there could be the temptation that China resorts to the European market.”
Eric Lombard also declares “favorable” to the signing of trade agreements, such as the one that with the Mercosur block of South America, “whenever it develops, because it is not acceptable as it is. There are still improvements to do so in agricultural and environmental affairs.”
Source: BFM TV
