New 'Global Tax' of 15% from Trump: France Seeks a 'Unified' EU Response
France is calling for a united EU response to President Trump's new global tax on imports, which is set to increase from 10% to 15%.
The French government, in response to the new global tax imposed by President Donald Trump, is advocating for a unified response from the European Union. The new tax, which includes a baseline tariff of 10% set to rise to 15%, has raised concerns about its potential impact on international trade agreements and the economy. French Minister of Foreign Trade, Nicolas Forissier, emphasized the necessity of close consultation with the European Commission and EU member states to analyze the implications of these tariffs.
Trump's recently signed decree, effective from February 24 and lasting for 150 days, reflects his administration's broader strategy to reshape America's international trade framework by imposing stringent tariffs. By calling for an EU-wide policy response, France is positioning itself as a central player in the geopolitical trade landscape, seeking to maintain unity among EU nations amid the threat of escalation in trade retaliations.
As trade tensions rise, the situation illustrates how unilateral actions by powerful nations like the U.S. can compel collaborative responses from international coalitions. Europe's reaction, particularly through the lens of economic defense and cooperation, will be crucial in determining how effectively the EU can counteract potential adverse effects on its internal markets and trade obligations.