(9 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS via AGENCY POOL (AFPTV)
El-Shari, Egypt – 8 April 2025
1. French President Emmanue Macron and Egyptian President Abdel Fattah el-Sissi visiting a hospital
2. SOUNDBITE (French) Emmanuel Macron, French President:
++PART COVERED BY SHOT 3++
“France and Europe never wanted chaos or the increase of tariffs. We think it’s a bad idea and a bad answer to the topic of trade deficits. We’ve also always said that we would always defend our economy and so should there be tariffs, especially as they are at 20%, we would retaliate. The European Commission is working on that, with its expertise, firstly to respond to the first tariffs imposed on steel, aluminium and cars, and then prepare a response (for the other tariffs) in a few weeks. Our objective is to protect all our economic sectors and all our fellow citizens who work in these sectors, (our objective) is to work and make (U.S.) President (Donald) Trump reconsider his decision. So the objective for us is simple: it’s the dismantling of the tariffs and that we reach a situation where there is free circulation (of goods) and that there is prosperity.”
3. Various of Macron and el-Sissi at a Red Crescent centre
STORYLINE:
French president Emmanuel Macron said Europe "never wanted chaos or the increase of tariffs” but the bloc is ready to “retaliate” and was working on its response.
Speaking in Egypt on Tuesday, Macron said that “our objective is to protect all our economic sectors … and to work and make President Trump reconsider his decision.”
US President Donald Trump’s sweeping new tariffs went into full effect just after midnight Wednesday.
When Trump announced the latest round of tariffs on April 2, he declared that the U.S. would now tax nearly all of America’s trading partners at a minimum of 10% — and impose steeper rates for countries that he says run trade surpluses with the U.S.
The 10% baseline already went into effect Saturday.
Trump’s higher import tax rates on dozens of countries and territories took hold at midnight.
The steeper levies run as high as 50% — with that biggest rate landing on small economies that trade little with the U.S., including the African kingdom of Lesotho.
Some other rates include a tax of 47% on imports from Madagascar, 46% on Vietnam, 32% on Taiwan, 25% on South Korea, 24% on Japan and 20% on the European Union.
Economists warn that the levies will raise prices for goods consumers buy each day — particularly as these new tariffs build on some of previous trade measures.
Trump last week announced a tariff of 34% on China, for example, which would come on top of 20% levies he imposed on the country earlier this year.
Trump then added on another 50% levy on Chinese goods in response to Beijing’s recently-promised retaliation. That took the combined total to 104% against China.
===========================================================
Clients are reminded to adhere to all listed restrictions and to check the terms of their licence agreements. For further assistance, please contact the AP Archive on: Tel +44(0)2074827482 Email: info@aparchive.com.
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives
Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/622878ab3da34673b641dfb6bc436940
Author: AP Archive
Go to Source
News post in April 14, 2025, 12:04 pm.
Visit Our Sponsor’s:
News Post In – News
