According to ChainCatcher and Jin Shi Data, French Finance Minister Lombard stated that Trump's decision to suspend many planned import tariffs confirms the US government's willingness to reach an agreement with Europe. "This confirms that there is room for negotiation with the Trump administration."
Trump stated last week that he would suspend reciprocal tariffs on many trading partners, including the EU. Lombard said: "I am surprised that Trump changed his stance so quickly." He pointed out that the direct impact of tariffs would be to lower US economic growth and raise US inflation. However, Lombard said that it is too early to declare victory, given that some tariffs still exist. "For this reason, Europe must maintain pressure," he said.
