Moreover,
3 days after customs duties:
The Minister of the Economy Éric Lombard. Similarly, several members of the government welcomed this Wednesday, July 30, at the Ministry of Finance, “economic actors” three days after the trade agreement announced on Sunday between the European Union and the United States which threatens to weaken their situation.
The Minister of the Economy Éric Lombard. Meanwhile, several members of the government welcomed this Wednesday, July 30, at the Ministry of Finance, “economic actors” three days after the trade agreement announced on Sunday between the European Union and the United States which threatens to weaken their situation. Consequently, The meeting will be held at 2 p.m., Bercy said in a statement on Tuesday.
Éric Lombard will be accompanied by seven other members of the government: the Minister of Public Accounts. In addition, Amélie de Montchalin, that of industry and energy, Marc Ferracci, the Minister responsible for trade, 3 days after customs duties crafts and SMEs, Véronique Louwagie, but also those of digital, Clara Chappaz, Tourism, Nathalie Delattre, Agriculture, Annie Genevard, and, finally, Saint-Martin.
The employers’ organizations, namely the MEDEF, the CPME and the U2P will, not surprisingly, also present. Moreover, Like the federations representing professional sectors “impacted by American customs duties”. Nevertheless, in particular France Industry, the French banking federation, the trade of trade, the Federation of Commerce and Distribution (FCD) or France Insurers.
Some sectors may be affected by the general introduction of American customs duties at 15% on European products (with exceptions). according to the agreement announced Sunday evening by US President Donald Trump and the president of the European Commission Ursula von der Leyen.
“Try to see a little clearer” – 3 days after customs duties
Michel Picon. the president of the U2P, said on RTL to wait for this meeting “of information” because “there are companies which can be exempt from these rights (customs), so we 3 days after customs duties will try to see a little more clear”. The manufacture of music instruments will, for example, suffer, he said. But little exporters. small businesses grouped within the U2P will also be affected by possible market share losses in the United States of large groups for which they work in subcontracting. Michel Picon cited the manufacture of traffic jams for wine bottles, for example.
In the sectors taxed at 15% are the pharmaceutical industry, wines and spirits, and the food industry. But discussions continue.
“If the agreement spares several strategic sectors for the French economy. reduces damage to others in comparison with the sectoral rights announced, this arrangement, however, establishes asymmetrical trade relations,” the French Association of Private Companies (AFEP), also expected in Bercy, criticized on Tuesday.
Diversify business partners
Earlier Tuesday. the boss of Medef, Patrick Martin, said on France Info that “fundamentally it is – to say the least – not 3 days after customs duties the expression of a balanced power relationship between Europe and the United States. There are sectors that do properly when others are threatened”.
Government financial support seems improbable at this stage. Questioned by the newspaper Liberation on this subject on Tuesday. Éric Lombard replied: “We have avoided that certain sectors, such as aeronautics, are affected. For others, we must see that most of our trade is intra-European”. “This is also why we are looking. at French and European levels, to diversify our business partners to support our industries,” he added.
Currently, 20.6%of European exports are aimed at the United States, far ahead of the United Kingdom (13.2%), China (8.3%) and Switzerland (7.5%), according to Eurostat figures.
At the European Union level. France is the fourth most exporting country to Americian soil, for 47 billion euros in 2024, behind Germany (161.2 billion euros), Ireland (72 billion euros) and Italy (64.7 billion euros).
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