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US tariffs: French President Macron to convene sectors

Published on April 03, 2025 at 08:00 AM

The French presidency said on Thursday that President Emmanuel Macron will convene all representatives of business sectors hit by the import tariffs of the United States at the Elysee palace later in the day.

DAILY POST reports that US President Donald Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, with a higher 20% rate for the European Union.

While the minimum baseline 10 percent levy applies to all nations, a number of countries face reciprocal tariffs.

Trump referred to April 2, the new tariff plan take off date, as “Liberation Day,” saying the U.S. had been ripped off for many years.

The president already imposed 25 percent tariffs on all foreign-made vehicles as well as 25 percent tariff on imports of steel and aluminum.

According to the French wine and spirits exporters group, sales of French wine and spirits are expected to slide at least 20% in the United States Trump announced reciprocal tariffs.