French finance minister Bruno Le Maire said that latest US tariff threats is not what one would expect from an ally. He added that the European Union is ready to respond strongly to the latest US tariff threat.
"In case of new American sanctions, the European Union would be ready to riposte," Le Maire said.
Earlier it was reported that the US Trade Representative will issue a Federal Register notice that solicits comments from the public on the agency's proposed action, which includes duties of up to 100 percent on certain French products in addition to seeking comment on the option of imposing fees or restrictions on French services.
Public comment on the US Trade Representative's proposed action must be submitted by 6 January 2020 and post-hearing rebuttal comments by 14 January 2020, according to reports.
The list of French products facing potential duties has a trade value of about $2.4 billion.
