France open to letting deficit reduction target slip amid tariff uncertainty

In the columns of the Sunday Journal, the Minister of Economy and Finance has pronounced himself in favour of a "targeted" response. Eric Lombard calls on French entrepreneurs "to show patriotism".

US Tariffs Could Cut France GDP by Over Half a Point, PM Says

US tariffs on France could cost the country more than half a point off its economic output and derail efforts to close the budget deficit, French Prime Minister Francois Bayrou said in an interview with Le Parisien newspaper published late Saturday.

Éric Lombard claims that the government will not return to the spending budget this year, even in the event of an economic slowdown caused by the heavy tariffs imposed... The article "The rate will deteriorate in a transitional way"... Forget the savings, the government will release even more the deficit has appeared first on Current Values.

France risks missing deficit target because of Trump’s trade war, economy minister says

PARIS —The trade war with the United States might prevent France from bringing down its sky-high budget deficit, French Economy and Finance Minister Eric Lombard said on Friday. “Tax revenues…

"It is clear that if a large French company agreed to open a factory in the United States, it would be like giving up a point," said Lombard.

France open to letting deficit reduction target slip amid tariff uncertainty

PARIS (Reuters) – French Finance Minister Eric Lombard opened the door on Friday to letting the deficit reduction target slip this year, ruling out extra spending cuts and tax increases to offset a potential shortfall in growth. Speaking to BFM TV, Lombard said things were uncertain and it was necessary to wait to see in the coming weeks how negotiations with the United States would go over recently announced tariffs to have a better idea of its…