French Finance Minister Welcomes Trump’s Tariff Pause
French Finance Minister Alain Lombard has praised U.S. President Donald Trump’s decision to suspend several planned import tariffs, describing the move as a signal of Washington’s willingness to return to the negotiating table with key allies, including the European Union.
According to BlockBeats, Lombard said he was “surprised by how quickly Trump changed his stance,” following last week’s announcement of a 90-day pause on reciprocal tariffs for a number of countries. The decision notably excluded China, while offering temporary relief to European economies.
Tariffs Would Have Slowed U.S. Growth, Minister Warns
Lombard emphasized that the full implementation of the tariffs would have damaged not just global trade but also the U.S. economy. “The direct impact of the tariffs would have been to slow U.S. economic growth and increase inflation,” he said.
However, he cautioned against declaring the issue resolved, noting that several tariffs remain in effect. “For this reason, Europe must maintain pressure,” he added, underscoring the importance of ongoing diplomatic engagement.
Europe Eyes Strategic Response
While Europe welcomes the pause, policymakers are approaching Trump’s trade policy with caution. EU officials have said they are preparing for all scenarios, including the possibility of retaliatory tariffs should negotiations falter or exemptions expire without resolution.
Lombard’s remarks reflect broader sentiment in Brussels, where leaders see the tariff truce as a positive development but remain wary of what may come after the 90-day window expires.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
