On Wednesday, the 2nd of October 2019, following a WTO arbitration that went in favour of United States and allowed the world’s largest economy to incline punitive tariffs on $7.5 billion worth of European goods, French Finance Minister, Bruno Le Maire told that France, the seventh-largest economy in the world and the third-largest in the EU, was prepared to take on United States, had it been planning to impose sanctions on EU imports.
In point of fact, latest comments from French finance minister, Bruno Le Maire came forth on the heels of a flurry of threats from US President Donald Trump to impose a tit-for-tat tariff hike on French wine imports after France had adopted a digital taxation on a number of US-based tech titans.
Besides, adding that Trump and his administration would be committing an economic and a political mistake if Washington decided to forge ahead with an added tariff on $7.5 billion worth of European imports, Bruno Le Maire said in a statement shortly after the WTO ruling, “We will be ready to respond firmly with our European partners.
A friendly resolution to the Boeing/Airbus dispute is the best solution, and all the more so given that Europe could impose sanctions on the United States next year. ”