Marc Ferracci, France’s Minister of Industry, said that Europe needed to move away from a “form of naiveté” towards the United States, on Thursday during a visit to Colmar (Haut-Rhin).
Minister Delegate for Industry Marc Ferracci warned on Thursday that Europe must prepare to establish “a balance of commercial and economic power” with the future administration of Donald Trump, just re-elected President of the United States. We need “recognize the democratic choice made by the American people.”Mr. Ferracci prefaced his remarks with a question on the occasion of a visit to the German company in Colmar (Haut-Rhin). Liebherrspecialized in the production of crawler excavators.
“There will probably be a hardening of US trade policy if (Mr. Trump) implements what he has talked about throughout his campaign. As Europeans, we need to prepare for this. We have to be prepared to assume a form of commercial and economic balance of power with Donald Trump, and we can only do that as Europeans.”he insisted. “We need to get away from the kind of naivety that Europe may have had for some time with regard to the USA, but also with regard to China”.added the Minister.
The Donald Trump’s return to the White House for a second term is likely to be marked by protectionism. During his campaign, he promised a 10-20% increase in tariffs on products imported into the United States.