France's Prime Minister Francois Bayrou is now warning that President Donald Trump's tariffs can hit the country's economic growth hard and significantly increase unemployment. In an interview with the newspaper Le Parisien, Bayrou estimates that the tariffs will reduce France's GDP growth by 0.5 percentage points.
It's an imminent risk for jobs. Trump's decision is extremely serious for France and even more harmful for the USA, he says.
It's an earthquake and the USA will be one of the first victims.
France is highly affected by the tariffs, including the country's export of wines but also luxury consumer goods from companies like LVMH, with Louis Vuitton in its corporate portfolio.
Our goal is to return to three percent by 2029, but the crisis may change everything, says the Prime Minister about France's GDP target.
