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The French Minister of Industry Marc Ferracci said that 10% of tariffs in European exports will be declined to a potential compromise with Washington, said it would be a bad deal.
The European Union is to engage in a trade arrangement with a trade arrangement with Donald Trump before exports of Donald Trump before July 9. There are some members of the block Wanting to accept The block holds 10% universal tariffs in many exports, but in low prices in certain sectors, a deal with less rates of Bloomberg.
“Ten percent should not be a good agreement, and we should all find a way to return to the past by negotiating the US and the United States and the United States,” said Ferracci, Aix-en-Provence spoke in an interview with Bloomberg in the Rencontres Economic Conference. “To achieve this goal, it is necessary to join and be very strong in our answer and take into account the true effects of tariffs with really value chains.”
The EU provides low levels of universal 10% of the basic sectors such as pharmaceutical, alcohol, semiconductors and commercial planes.
Brussels also push us to effectively reduce the level of quotas and exceptions to reduce 25% of the 25% tariff in Washington’s cars and car parts.
The French minister gave the example of the weather sector in which the value chains are deep integrated without any tariffs.
“It would be a nightmare of 10% for this industry,” he said.
