France and Germany are pushing for a more robust reaction to United States President Donald Trump’s tariffs measures.
Trump had on Wednesday announced a 20% tariff on European Union countries like France and Germany, in his bid to dismantle the global trading system.
However, according to Bloomberg, France is now pushing for the EU to hit US tech companies in response to Trump’s tariffs, in a move that would broaden the trade war to the vast services sector.
The report added that France President Emmanuel Macron believes the EU should be ready to respond with options such as targeting US tech and services.
Similarly, speaking to the press on Thursday, about Trump's tariffs, outgoing German Chancellor, Olaf Scholz, described it as an attack on trade order.
“There will only be losers,” Scholz said.
“This is an attack on a trade order that has created prosperity all over the world, a trade order that is essentially the result of American efforts.”
