20:43 GMT +316 June 2019
Listen Live
    Marine Le Pen of France's far-right National Front (FN) political party at the opening session of the French National Assembly in Paris, France, June 27, 2017

    US Wise Example: Le Pen Invites French Gov't to Slap Duties on Germany's Exports

    © REUTERS / Charles Platiau
    Europe
    Get short URL
    172

    Addressing French radio Europe 1’s audience, France’s National Front party (FN) leader Marine Le Pen has suggested that France introduce taxes on German-manufactured goods, thereby referring to Donald Trump’s recently announced economic measures vis-à-vis China.

    According to the French politician, the US economic policies should set an example for France, whose external trade deficit with Germany is estimated at over 17 billion euros.

    READ MORE: Beijing Has Not Yet Deployed 'King Card' in Trade Spat With US — China Analyst

    "The US stands on guard of its won national interests, they have a deficit in [their] external trade balance with China of about 350 billion dollars, and Donald Trump is poised to reduce it by 100 billion," Le Pen remarked. The right-wing politician called on the French government to take similar steps with regard to Germany, citing the EU’s "inability to find appropriate solutions, be it Italy or France," she stressed.

    Professor Gilles Lebreton, a French member of the Europe of Nations and Freedom Group (ENF) at the European Parliament, has said that the French government will hardly impose duties on Germany, despite there being a certain logic in Marine Le Pen's proposals.

    "The era of unbridled ultra-liberalism and wild globalism is over! Trump has understood this, as has Marine Le Pen," Lebreton said. "This could raise protests from Germany, even retaliatory measures, but France's trade deficit is such that it has little to lose. Germany has built its hegemony on the euro-mark, which has led to the deindustrialization of France: it must now accept reciprocity. The likelihood that President Macron and his government will take this proposal into account is close to zero."

    US President Trump recently announced a new round of 25 percent tariffs targeting as much as $50 billion worth of products manufactured in China using "industrially significant technologies." Earlier in the day, however, Trump, who is essentially delivering on his 2016 campaign promises, emphasized his "great friendship with President Xi of China," but cited historically unfair trade between the two countries. In a tit-for-tat move, Beijing responded by slapping a similar set of tariffs on US products, with US electric cars, soya and whiskey expected to be hit hardest.

    Related:

    'Victory Over EU Intimidation’: Marine Le Pen Hails Italy's New Cabinet
    Marine Le Pen’s Niece Parts With Family Name, Stays Loyal to Conservative Agenda
    Marine Le Pen Slams Macron for 'Illusions' He Could've Changed Trump's Mind
    Marine Le Pen Calls for Probe Into May Day Clashes in Paris
    Marine Le Pen Questions French Strike on Syria, Recalls Colin Powell's Tube
    Tags:
    European Economic Area, policies, goods, duties, trade deficit, tariffs, exports, economy, trade, EU, National Front, Marine Le Pen, Germany, France
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik