The 47th President of the United States, Donald Trump, was sworn in on Monday January 20, 2025 for a 4-year term. After a campaign notably focused on a promise of economic protectionism, certain Norman economic players are worried about the billionaire’s return to the White House. Interview with Vincent Laudat, president of the CCI Normandy.
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After a Republican presidential campaign promising a protectionist policy, Norman industrial players are wondering about future economic ties between France and the United States.
The new President Donald Trump has notably promised to increase customs duties by 20% on certain European products. Three questions for Vincent Laudat, president of the Normandy CCI.
-Vincent Laudat: The United States is our 3th customer after Germany and Belgium, this represents approximately 3 billion euros in exports. But it is also our leading supplier for 6 billion euros of goods every year. The major sectors concerned are: hydrocarbons, aeronautics and pharmaceuticals.
In the region, we have the second French aeronautical sector (after Toulouse) with Normandie AeroEspace which is very important. All our production is crossed, both on the Airbus side and on the Boeing side since the factories are on both sides of the Atlantic.
In the region, the agri-food sector represents a significant part of production, particularly in terms of spirits. There is, indeed, concern in this sector regarding a possible surcharge on customs fees when production enters the United States.
This surcharge could be significant because there were announcement effects during President Trump’s American campaign, but we know perfectly well that campaigns do not make politics. We will see it over the next 4 years, the announcements may subside.
After Covid-19, many Americans returned to Normandy for tourism. Economic players across the Atlantic must be reminded that Normandy benefits from a hub thanks to the Seine axis where there is extraordinary know-how thanks to industry and where there are major American projects planned. They find, with us, an ecosystem favorable to their establishment in Normandy.
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