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France's president is shocked by Donald Trump's sweeping tariffs
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He argued that they would negatively affect consumers in the U.S. first and foremost
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The decision announced last night is both brutal and unfounded. It is unfounded because trade imbalances are not corrected by imposing tariffs
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Economic theory clearly demonstrates the opposite. In total, France exports 47 billion euros of goods to the United States
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Many sectors will be affected by America's import tariffs. Wine and cheese producers, for example, fear their revenues will dip
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To deal with these new customs duties, Emmanuel Macron is calling for a coordinated European response
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If Europeans act together, preparing a unified, proportionate and effective response, with all sectors working coherently with true solidarity among them
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then we will achieve our objective, the dismantling of tariffs. The French president called on European companies to suspend their investments in the United States
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What message would it send if major European players were to invest billions of euros into
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the American economy while they are imposing tariffs on us? According to the French Treasury
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In 2023, the United States was France's fourth largest export market, behind Germany, Italy and Belgium
