PARIS (Reuters) – The head of France’s Medef business lobby group warned on Wednesday that U.S. tariffs, that are deepening a global trade war, could hit economic growth and lead to a recession.
“Of course I am worried,” Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on Fench businesses
“The risk is that growth will stall and that we go into a recession,” he added.
President Donald Trump’s “reciprocal” tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.
(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)
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