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New US duties may cost France more than 0.5% of GDP — PM

French Prime Minister Francois Bayrou

© APA | French Prime Minister Francois Bayrou

# 06 April 2025 04:27 (UTC +04:00)

Duties introduced by US President Donald Trump may cost the French economy more than 0.5% of GDP, France’s Prime Minister Francois Bayrou said in an interview with Le Parisien newspaper, APA reports.

"The policy of President Donald Trump will cost France more than 0.5% of GDP," Bayrou said.

The dramatic increase of tariffs made by the US President threatens by job cuts, "economic slowdown and termination of investments," the prime minister said. "Destabilizing actions of the US will weaken the global economy for long," he stressed.

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