Jobs are at risk in France, minister says
France’s minister for industry, Marc Ferracci, has said the current tariff disputes mean jobs in French manufacturing sectors, including luxury goods, are at risk.
Speaking on public radio on April 8, Mr Ferracci said that if tariffs that the US has imposed on exports remain in place, there will be an impact on jobs in France. On April 2, the US announced tariffs of 20% on imports of most products from the European Union.
The minister explained that there are currently 28,000 companies in France exporting products to the US, adding that, for some, the US accounts for 50% of orders. He said the impact on these companies was likely to be serious.
“The policy that the US administration has announced is an enormous shock,” he concluded. “It destabilises the global trade system that has been in place since the end of World War II.”
