France and the European Union will be “ruined” if they do not act in the face of the economic policies announced by President Donald Trump, French Prime Minister François Bayrou has warned. “If necessary, we should be aggressive and even radical,” said former French Foreign Minister Stephane Séjourne.
In a speech in Pau, François Bayrou said the United States had chosen “extremely dominant” policies through its currency, industrial policy, and the “capture” of research and global investment.
As he explained, “France and Europe today face two challenges: America and China.” “The inauguration of President Donald Trump requires us to take responsibility,” the prime minister said, also referring to the “power of China,” which has recorded a foreign trade surplus of about $1 trillion.
Donald Trump has once again become President of the United States. French politicians are concerned
As Bayrou warned, “If we do nothing, we will be dominated, crushed and marginalized.” Meanwhile, Stéphane Séjourne, a former French foreign minister and current vice-president of the European Commission, said the EU should encourage President Trump to invest more in its own defense forces and expect an end to the trade war in return. He said he would like to propose.
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– You can’t start a trade war and build Europe’s defenses at the same time. The Americans will remain our allies, but they will better protect their own interests, Séjourne argued.
European Commission Vice President: “The whole world depends on President Trump’s actions”
Séjourne also said that contacts have been established with the new administration in Washington and that the trade balance with the United States is currently favorable for Europe. According to the European Commission’s vice-president, the cost of potential tariff hikes on American goods will be felt by Europeans themselves.
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He noted that there are two possible strategies: “offensive and defensive” and acknowledged that “if necessary, we should take an offensive and even radical approach.” – The whole world depends on what Donald Trump does today. “Certain laws will be passed, but I don’t think Canadians or Mexicans or us or the rest of the world know exactly what those laws are,” he said.
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