Europe Shouldn’t Retaliate in Kind to U.S. – Money News
France’s finance minister stated the European Union shouldn’t reply to President Trump’s reciprocal tariffs with comparable countermeasures as it will damage Europe’s financial system and shoppers. “We are working on a package of responses that can go beyond tariffs to bring the U.S. to the negotiating table and reach a balanced agreement,” Éric Lombard stated in a TV interview on Friday. “If we do like the U.S., if we apply tariffs to all American imports, we will also have a negative effect in Europe,” he added.
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