Minister of the Economy in France Bruno Le Maire, speaking from the G20 meeting in Buenos Aires

  • Very opposed to protectionist policies
  • France wants to avoid entering a trade war between EU and US
  • Europe is not the origin of trade problems
  • France is expecting a full exemption from US tariffs
  • Expects US tariff exemption to be at EU level

To the extent that President Trump's trade policies are aimed at China, Le Maire may be in luck .... otherwise he may have to lower his expectations to avoid disappointment.

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And, so much focus on goods trade ... services not so much

One of France services exports: