Customs duties: France disappointed with the EU-USA agreement: News

Moreover,

Customs duties: france disappointed eu-usa:

France. Similarly, disappointed with the trade agreement announced on Sunday between the European Union (EU) and the United States, pleaded on Monday for Europe to be firmer during future negotiations on its terms of application. However,

French President Emmanuel Macron had not reacted on Monday. Furthermore, But his Prime Minister François Bayrou spoke of a “dark day” for Europe, which “resolves to submission”. In addition,

Projecting itself to the continuation. Therefore, the Minister of Economy Eric Lombard estimated to him on Monday evening that “this agreement is not complete” and that “the work continues”. Nevertheless, Because “the agreement is not finalized. Consequently, we will ensure that it is improved,” he said in an interview with Liberation.

“Discussions must continue for pharmaceutical products-we understand that some generics will be exempt-on steel. Meanwhile, aluminum, customs duties: france disappointed eu-usa chemicals, semiconductors and wines and agricultural products,” he said.

“This agreement should not be the end of the story. However, in which case we would have simply just weakened,” the French Minister delegated to foreign trade, Laurent Saint-Martin on Monday morning. In addition,

“Now there will be technical negotiations” and “we can seize this sequence to strengthen ourselves,” he added.

President Donald Trump. the president of the European Commission Ursula von der Leyen announced on Sunday in Scotland a customs agreement providing that European products exported to the United States are taxed at 15%.

With the hope of avoiding a commercial escalation. the EU has also engaged at $ 750 billion in energy purchases – notably aimed at replacing Russian gas – and 600 billion additional investments in the United States.

In Paris. if we concede that customs duties: france disappointed eu-usa this agreement will bring “stability” to companies, we especially insist on its “unbalanced” character, in the terms used by several members of the government.

“Our responsibility today is to ensure that this agreement. ultimately, is the least unbalanced possible,” said the Minister of Industry and Energy Marc Ferracci on RTL.

– Next days determining –

MM. Ferracci. Saint-Martin pleaded for a “rebalancing” on services, in particular digital, recalling that if the trade balance of the United States with Europe is deficit for goods, that of services is surplus.

Regarding the exchange of goods, France displayed in 2024 a trade surplus of $ 16.4 billion with regard to the United States according to the Americans. but French customs mentioned for the same period a deficit of 4.2 billion euros.

European negotiators will have to use “all of the tools customs duties: france disappointed eu-usa that are available to them”. in particular consider “to limit access to American companies to European public procurement,” insisted Mr. Ferracci.

On the business side. Patrick Martin, the president of Medef, the first French employers’ organization, estimated that “if things are what was announced to us, it is not eligible”. “We must continue to negotiate,” he said.

The CPME, second employers’ organization, said he anticipated “disastrous repercussions” for small and medium -sized enterprises. And the ETI movement (METI) spoke of “particularly worrying consequences for intermediate size companies”.

Depending on the sectors, feelings are ambivalent.

“There is relief because this agreement gives visibility. ” Emmanuel Guichard, general delegate of the federation of beauty companies (FEBEA) told AFP. But “this is not a good agreement for us. simply because we had 0% customs duties in January to the United States and now we customs duties: france disappointed eu-usa are going to be 15%.”

“The disaster is avoided”, in reference to the 30% customs duties mentioned by Mr. Trump. “but the next few days will be decisive for the French sector of wines and spirits”, said in a statement the federation of exporters of wine and spirits (FEVS), to which all French interprofession (CNIV) and the sector joined.

In the food industry, the employers’ organization of the sector, Ania, denounced a “clearly inequitable agreement (…) which weakens our position”.

Only sectors that could benefit from an exemption from customs duties, such as aeronautics, have been completely relieved.

GIFAS (Grouping of French Aeronautical. Space Industries) welcomed in a declaration transmitted to AFP an exemption “Good for a balanced industry between France and the United States” and which will allow “to keep qualified jobs in France at all levels of the subcontracting chain.”

customs duties: france disappointed eu-usa

Employers’ organizations and federations of economic sectors affected by this agreement will be received Wednesday in Bercy.

Posted on July 28 at 10:40 p.m. AFP

Customs duties: france disappointed eu-usa

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