** The fragile balance of trade: Trump’s new price war **
On April 2, 2025, Donald Trump announced daring tariff measures in order to “rebalance” American trade. This series of new customs duties, intended to reduce an increasing trade deficit, could cause major impact not only for the American economy, but also on global trade relations, in particular towards Europe. In a context of growing protectionism, countries like the United Kingdom and China also adopt similar measures, exacerbating tensions.
Although France, with its low trade deficit vis-à-vis the United States, seems less exposed, it is not immune to negative impacts, especially in key sectors such as aeronautics and the wine industry. European economies like Germany and Italy, more dependent on exports, could suffer more from this tariff war.
Globally, this rise in protectionism jeopardizes fragile economic growth, while Europe, already in the grip of internal challenges, must be united under a constructive dialogue to avoid a major commercial conflict. The challenge is to transform this crisis into an opportunity to promote more solid international cooperation, essential to a sustainable economic future. The next few weeks will be decisive because they could redefine trade beyond the simple tariff measures.