Donald Trump duties. French-British agreement and fear of jobs

As the office of Prime Minister of W. Britain, the leaders “agreed that the trade war is not in anyone's interest, but all options should be on the table.” The statement added that Starmer and Macron talked about the impact of duties on the economy and global security, especially in South Asia.

Macron in a comment on website X informed that together with Starmer they confirmed “determination to strictly coordinate positions in ongoing discussions with the president (USA) Donald Trump. He then added: “We must remain united and determined to protect our citizens and enterprises.”

Informed that the topic of the conversation was events at Ukrainein connection with the visit of the heads of general staffs. “We continue, together with the coalition of those willing to Ukraine, our conversations about long -term support for the Ukrainian people – first, for his army (…), and secondly, for possible reinsurance forces deployed behind a line of demarcation of fighting pages to deter any new Russian aggression” – wrote Macron.

Great Britain It was covered by the US in the highlight of 10 percent, but its automotive industry concerns the duties in the height of 25 percent. Applied by the US on passenger cars, light trucks and spare parts. Starmer said on Thursday that the decision of the United States would affect the British and global economy. The BBC reported, citing the calculations of analysts from the London Think Tank Public Policy Research, that because of the duties that the British automotive industry was covered, maybe 25,000 are lost. people.

France To a lesser extent than other EU countries, it depends on exports to the USA – it accounts for 1.6 percent. French GDP. However, it is very important for some industries, such as: aviation industry, luxury products and alcohols.

French Prime Minister Francois Bayrou said on Saturday that the policy of customs duties by US President Donald Trump can cost France over 0.5 percent. GDP. In an interview with the daily Le Parisien, the prime minister also spoke about the risk of losing jobs.

– The risk of losing jobs is absolutely significant, as well as the risk of economic slowdown and investment stopping. The effects will be serious: Trump's policy can cost us over 0.5 percent of GDP, “said Bayrou. He assured that the government's goal is still a reduction budget deficit up to 3 percent in 2029. However, he stipulated that “the crisis could change everything.”

Bayrou admitted that “many think that Trump would withdraw”, but in his opinion “this is not guaranteed.” He added that the destabilization caused by Trump's decision will “weaken the global economy for a long time”.

– It is very important to President of the United States He realized the destructive consequences of his choices. He can't keep this policy long, “said Bayrou. He warned that the “world crisis” would be a consequence and that the Americans would be the “first victims” of Trump's policy.

When asked about a response from the European Union, he emphasized that for now “no decision could be announced” and that these are “European, not national decisions”.

The Prime Minister supported the French business appeal for temporary suspension of investments in the United States.

– It is an appeal for national and European solidarity. Our continent is attacked in the most eaten way, so it is something authorized for industry, investors, French and European, to understand that their common duty is to put pressure on the United States government. Surprising their investment can be an effective means – said the French Prime Minister.