French President Emmanuel Macron has convened a crisis meeting at the Élysée Palace today with representatives from economic sectors affected by the new U.S. tariffs imposed by President Donald Trump.
Trump announced a 10% tariff on all imported products, with an additional 20% surcharge specifically targeting the European Union. This move has sparked a new trade war, raising concerns about global economic stability, inflation, and growth prospects.
French wine and spirits producers have already warned of a 20% decline in exports to the U.S., citing the impact of the new tariffs. Macron aims to develop a unified response to protect European businesses from the economic fallout.