How will Trump’s customs duties affect the GDP of France?

French Prime Minister Francois Bayro estimated that the new American customs duties may cost France more than 0.5% of GDP, in an interview with the Lubarizian newspaper.
With the sudden increase in the American president decided, “the risk of loss of jobs is very large, as well as the risk of economic slowdown and investment stopping,” according to Bayro.

The effect of Trump’s customs duties on France

He added that “the resulting instability will weaken the global economy for a long time to come.”

On Wednesday, Trump signed an executive order imposing customs duties of at least 10% on all imports to the United States and 20% on those coming from the European Union, which sparked a wave of shock around the world.

The jobs are threatened

“The first concern that should alert us, related to French producers, companies that produce and export to the United States,” said Francois Bayro.
He warned that tens of thousands of jobs are threatened in the agricultural sector, wine production and spiritual drinks.