France warns Donald Trump: America has 'everything to lose from a trade war' with the European Union France warned Donald Trump that America has “everything to lose” from a trade war with the European Union.
But the Republican tycoon’s vow of tariffs on US copper and aluminium imports would result in higher costs for US consumers because of a shortfall of domestic production and the length of time it would take to renew the industry, say experts.
Mr Barrot also signalled that France would be ready to send troops to Greenland if requested by Denmark to defend it against a bid by Trump to seize it militarily, but doubted this would happen.
Foreign minister Jean-Noël Barrot stressed that thousands of US companies based in Europe would be the “first victims” if the new president imposes tariffs.
“I think that’s a good thing because the US has everything to lose from entering into a trade war with the European Union,” He told France’s Sud Radio.
