French PM slams EU-US trade deal as submission to Trump

François Bayrou is leading a chorus of fierce criticism against the agreement.

French PM criticizes EU-US trade deal as submission to Trump

Key figures from Prime Minister François Bayrou's government have voiced strong opposition to the EU-US trade deal. While acknowledging the agreement's role in stabilizing tariffs at 15 percent on most EU imports and averting a potential rise to 30 percent, they argue that the European Commission did not adequately leverage its market power. Europe Minister Benjamin Haddad stated that the current trade situation is not sustainable. Trade Minister Laurent Saint-Martin emphasized that this deal lacks balance and warned against accepting subpar terms, calling for the EU to use its Anti-Coercion Instrument to negotiate better conditions. Notably, French President Emmanuel Macron has remained silent on the issue while leaders from Germany and Italy have welcomed the deal.

The criticisms of the EU-US trade deal highlight a significant tension within Europe regarding its global trade standing. French leaders are concerned that their concessions could undermine Europe's position as a major economic power. As other European leaders express satisfaction, France's dissent signals an internal divide that could shape future negotiations. The call for the EU to threaten U.S. access to its markets underscores a growing assertiveness amidst fears of economic dominance by the U.S. The potential consequences may not only affect trade relations but also influence political dynamics across Europe.

Highlights

The path forward for Europe remains uncertain as internal divisions become apparent.