French Finance Minister: Trump's suspension of tariffs indicates there is still room for negotiation

ChainCatcher news, according to Jinshi Data reports, French Finance Minister Lombard stated that Trump has decided to suspend many planned import tariffs, confirming the U.S. government's willingness to reach an agreement with Europe. "This confirms that there is room for negotiation with the Trump administration."

Last week, Trump stated that he would suspend reciprocal tariffs on many trading partners, including the EU. Lombard said, "I was surprised that Trump changed his position so quickly." He pointed out that the direct impact of the tariffs would be to lower U.S. economic growth and raise U.S. inflation. However, Lombard said that given some tariffs still exist, it is too early to declare victory. "For this reason, Europe must maintain pressure," he said.