France open to letting deficit reduction target slip amid tariff uncertainty

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…

Guest of the morning BFMTV /RMC this Friday, April 4, Eric Lombard asked French companies to show "patriotism" to fight against the massive tariffs announced by Donald Trump.

The Minister of Economy, Eric Lombard, called on French companies on Friday to show "patriotism" in the face of massive tariffs announced by US President Donald Trump. ...