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Customs Duties: France Advocates “De-Escalation”, but Warns that the EU Is Ready “to Respond”

  • On May 23-24, 2025, French Trade Minister Laurent Saint-Martin reaffirmed France’s call for trade de-escalation amid renewed US tariff threats targeting the EU and Apple.
  • This followed a resurgence of protectionist measures from President Donald Trump, who criticized stalled EU-US trade talks and threatened new tariffs primarily via his Truth Social platform.
  • Trump urged Apple to shift iPhone production to the US, prompting immediate declines in European markets, with Paris luxury and automotive stocks especially affected.
  • Laurent Saint-Martin emphasized on X that the EU remains committed to easing tensions while staying prepared to take action, underscoring their readiness amid President Trump's frustration with the stalled trade talks.
  • These developments suggest mounting tensions in transatlantic trade relations that could complicate ongoing negotiation efforts and risk further market instability.
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Le Figaro broke the news in Paris, France on Friday, May 23, 2025.
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