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EU must stand united against Trump’s tariff threats, says French economy minister

French Economy and Finance Minister Éric Lombard has emphasized the need for EU unity in the face of tariff threats from Donald Trump, stressing that Europe must respond decisively and in a coordinated manner if necessary

Newsroom February 11 10:30

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Economic Stability & Industrial Strategy

In an interview with a German newspaper, Lombard stated that the French government aims to reduce its budget deficit below 3% of GDP by 2029. He also highlighted that the new budgetary framework ensures stability for the French economy.

Regarding Germany, he expressed hope that its economy will recover after the elections, as its economic difficulties affect the entire EU.

On energy policy, he emphasized the importance of nuclear energy for Europe’s energy independence, noting that France exports large amounts of nuclear power to neighboring countries.

Building European “Champions”

Discussing industrial policy, Lombard stated that the EU must develop European “champions” in strategic sectors such as:
✔ Automotive industry
✔ Steel production
✔ Chemical industry

He compared this approach to the success of Airbus in aerospace, advocating for a clear EU strategy to protect against unfair international competition.

Trade & The Mercosur Agreement

On free trade, Lombard justified France’s refusal to sign the Mercosur agreement, arguing that:
It lacks sufficient environmental safeguards
It poses risks to public health by allowing imports of agricultural products that do not meet EU standards

Germany’s Economic Stability is Crucial for Europe

While avoiding direct comments on the German elections, Lombard emphasized that Germany’s economic stability is vital for the rest of Europe.

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His remarks highlight France’s firm stance on economic resilience, industrial competitiveness, and the need for a united EU response to external threats.

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