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BREAKING
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

France's GDP expected to dip by 0.5% amid 'outrageous' US tariffs: PM

  • By Al Mayadeen English
  • Source: News Websites
  • 5 Apr 2025 22:03
3 Min Read

French officials have examined the impact of Trump's 20% tariffs, detailing setbacks in unemployment, economic stability, and GDP growth.

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  • France's Prime Minister Francois Bayrou leaves the weekly cabinet meeting, Wednesday, March 19, 2025 at the Elysee Palace in Paris. (AP)
    France's Prime Minister Francois Bayrou leaves the weekly cabinet meeting, Wednesday, March 19, 2025 at the Elysee Palace in Paris. (AP)

France may experience a 0.5 percentage point decline in Gross Domestic Product (GDP) growth due to US President Donald Trump's tariff measures, Prime Minister Francois Bayrou warned in an interview published Saturday.

"Trump's policies could cost us more than 0.5% of our GDP," Bayrou said, according to excerpts from his interview with Le Parisien newspaper.

"The imposition of these outrageous tariffs will lead to a global crisis (...). The risk of job losses is significant, as is that of an economic slowdown," he added.

Following a conversation with British Prime Minister Keir Starmer, French President Emmanuel Macron stated earlier on Saturday that both countries had reaffirmed their commitment to "closely coordinate" their positions in tariff negotiations with Trump.

"A trade war is in no one’s interest. We must stand united and resolute to protect our citizens and our businesses," Macron said in a post on X.

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Macron urges national companies not to invest in US 

Previously, on Thursday, Macron urged national companies to halt any investments in the US until greater clarity emerges regarding the specifics of Trump's proposed tariffs, as the world prepares to go to a trade war with the US over its tariff bombardment policy.

Meanwhile, French Economy Minister Eric Lombard said on Friday that the European Union's retaliation to the newly-imposed 20% tariff by the United States on the bloc may not be limited to reciprocal duties on American imports.

"We are working on a response package that could indeed go beyond customs duties to bring the Americans to the negotiating table and reach a balanced agreement..." Lombard told RMC Radio on Friday, adding that the EU's response can be firm without mirroring the US approach, as tariffs on imports from the US could harm the bloc.

The minister called on French companies to demonstrate solidarity and patriotism in the face of the US measures while stressing that Europe must stand its ground against global powers "because we are now in a period of confrontation against the planet’s major blocs: the US, Russia ,and China. Europe has what it takes to rise to the occasion, but it requires effort."

Read more: WTO Chief warns of global trade contraction as US tariffs spark alarm

  • US tariffs
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  • economy
  • Emmanuel Macron
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UKLFI’s latest faux pas, like "Israel’s" recent failed attempt at regime change in Iran, is unambiguously indicative of a flailing entity on the verge of extinction. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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