European leaders strongly congratulated Donald Trump after his victory in the 2024 American election, starting with Emmanuel Macron.
But his plans for customs taxes worry economic circles in France.
Its geopolitical positions could also have serious consequences, especially without the war in Ukraine.
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US presidential election
Americans love French wine, but tomorrow it could cost them a lot more. The result of the 2024 American election could therefore be bad news for our winegrowers, like Raphaël Dubois, who is very worried: “This is the kind of bottle that may be sold less”he explains, showing a Nuits-Saint-Georges in the report at the top of this article. Because Donald Trump wants to impose new customs taxes of 10% to 25% on foreign products. “Clearly, your customer who buys a bottle for €10, adds €2.50 to it. The end customer will suffer an impact in terms of the selling price of the bottles”continues the manager.
Kimberley, an American wine merchant based in North Carolina, wonders: can her business continue? “Here, there is only 10% American wine. So even if there are new taxes, we will have to buy foreign wines, because the United States does not produce enough bottles to completely fill my store. “ French wines and other spirits represent 3.9 billion euros in exports, compared to just over 4 billion for pharmaceutical products and 8 billion for aeronautics. The United States is the second destination for French exports. An increase in customs taxes could therefore compromise these trade relations.
In Strasbourg, where a Franco-American friendship association followed the elections, it is the geopolitical consequences that worry the most. “The election of Kamala Harris would have brought hope for Ukraine, which is close to my heart”confides Anne-Marie. However, Donald Trump promised that he would stop the war in Ukraine by stopping delivering weapons even though they are the primary suppliers. To continue supporting Ukraine, Europe and France will have to increase their aid. Putin, close to Trump, assures that Russia will pursue its objectives in Ukraine.
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American presidential election: what Donald Trump’s victory could change for the war in Ukraine
In the Middle East, the new American president has already expressed his conditional support for Israel. Trump also threatens to no longer participate in NATO command. He wants European member countries to finance the military alliance more. Finally, on the climate front, Donald Trump can change the role of the United States in the fight against global warming, since he wants to leave the Paris agreement.
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