Overview

• The U.S. maintains a 10% tariff on European imports, alongside measures on steel and automobiles, despite a 90-day suspension of some tariffs.
• French Economy Minister Éric Lombard warns against premature optimism, stressing the need for Europe to keep pressure on U.S. trade policies.
• France has reduced its 2025 growth forecast to 0.7%, citing a 0.2% economic impact from the ongoing tariffs.
• European leaders are closely monitoring potential increases in Chinese exports to Europe, with calls for safeguard measures to protect local markets.
• Lombard supports revising trade agreements, including the Mercosur deal, to address agricultural and environmental standards.