US tariffs could cost France 0.5% of GDP: French PM ...Middle East

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Trump's tariffs against numerous countries raised fears of a general trade war and recession, sending stock markets plunging after they were unleashed on Wednesday.

“The risk of job losses is absolutely major, as is that of an economic slowdown, or a halt in investment,“ he said.

“The destabilisation he has caused will weaken the global economy for a long time to come,“ Bayrou said, adding that such economic uncertainty could threaten France's efforts to lower its deficit.

“The French must be involved in two necessities: finding the means for our independence, our security, our defence, and first of all our production capacity,“ he said.

Earlier on Saturday, French President Emmanuel Macron and UK Prime Minister Keir Starmer agreed that “a trade war was in nobody’s interests” but that “nothing was off the table” regarding their response to the tariffs.

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