Speaking to France’s Sud Radio, Barrotemphasized that such measures would harm US companies operating in Europe. “TheUS has everything to lose from entering a trade war with the European Union,”he said.
He pointed out that tens of thousands ofAmerican companies manufacture on European soil. “Tariffs would harm themfirst.”
Last week, French President EmmanuelMacron and German Chancellor Olaf Scholz reaffirmed their commitment to aunited European response to Trump’s trade policies. Speaking at the ÉlyséePalace in Paris, Macron declared, “The only response to this era is more unity,ambition, boldness, and independence for Europeans.”
Notably, Trump has vowed to address the USgoods trade deficit with the EU through tariffs or increased exports of oil andgas. He also threatened steep tariffs on aluminum, copper, and steel imports,arguing these measures would encourage domestic production and bolster USmilitary manufacturing.
“We have to bring production back to ourcountry,” Trump said during a speech to Republican lawmakers on Monday.However, analysts warn that such tariffs could lead to higher costs for USconsumers due to limited domestic production and the time required to rebuildindustries.
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