President of France, Emmanuel Macron, has made it clear, France stands with the European Commission in its “strong disapproval” at the announcement of horizontal 30% tariffs on exports from the EU to the United States (US) effective August 1st.
The announcement is coming following weeks of serious discussions between the Commission and the United States (US) “on the basis of a solid offer made in good faith”.
Following the 30% tariff announcement, the French President said, the time has come for the Commission to declare the Union’s willpower to staunchly defend European Interests.
President Macron posed on X: “Along with the President of the European Commission, France shares the same very strong disapproval at the announcement of horizontal 30% tariffs on EU exports to the United States from August 1st.
“This announcement comes after weeks of intense engagement by the Commission in negotiations with the United States, on the basis of a solid offer made in good faith.
“With European unity, it is more than ever up to the Commission to assert the Union’s determination to resolutely defend European interests.
“In particular, this implies speeding up the preparation of credible countermeasures, by mobilising all the instruments at its disposal, including anti-coercion, if no agreement is reached by August 1st.
“On this basis, France fully supports the European Commission in the negotiations, which will now intensify, to reach a mutually acceptable agreement by August 1st, reflecting the respect that trading partners like the European Union and the United States owe each other, with their shared interests and integrated value chains.”
Goods imported from both the European Union and Mexico will be slammed with a 30% U.S. tariff rate beginning on August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.
