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France says Europe united against U.S. tariffs

Business | 2018-07-09 02:05:00
France says Europe united against U.S. tariffs
The French government insisted Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate.

With Germany’s powerful car industry facing the threat of higher U.S. duties, Chancellor Angela Merkel said last Thursday she would back a lowering of European Union levies on imports of American cars.

“If tomorrow there is an increase in tariffs, like in the car industry, our reaction should be united and strong to show that Europe is a united and sovereign power,” French Finance Minister Bruno Le Maire said.

“The question is no longer whether or not there will be a trade war, the war has already started,” he added, speaking at an economic conference in Aix-en-Provence, southern France.
Reuters
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