French Finance Minister: Trump's suspension of tariffs shows there is still room for negotiation

French Finance Minister Lombard said Trump's decision to suspend a number of planned import tariffs confirmed the administration's willingness to strike a deal with Europe. "This confirms that there is room for negotiation with the Trump administration," Lombard said in an interview with L'Ouest de France. Trump said last week that he would suspend reciprocal tariffs on many of his trading partners, including the European Union. "I was pleasantly surprised that Trump changed his position so quickly," Lombard said, noting that the immediate impact of the tariffs would be to lower economic growth in the United States and push up inflation in the United States. But Lombard said it was too early to declare victory given that some tariffs were still in place. " For this reason, Europe must maintain the pressure, "he said.