Trump’s Tariff Threats: Why France Says He “Has a Lot to Lose”
Introduction
Trade wars are rarely one-sided battles. When President Donald Trump threatened to impose tariffs on European countries, France’s Agriculture Minister Annie Genevard quickly warned that the move could backfire. Her message was simple: America itself “has a lot to lose.”
The Tariff Threat
On 17 January 2026, Trump announced plans to impose a 10% tariff from 1 February on goods from eight European nations, including France, Germany, the UK, and the Netherlands. The threat was tied to his controversial push to acquire Greenland, which European leaders strongly oppose.
France’s Response
French Agriculture Minister Annie Genevard spoke out firmly against the plan. She argued that:
- Tariffs would be “deadly for the United States” as well as Europe.
- American farmers and industries would suffer because tariffs raise costs and reduce exports.
- Trump himself “has a lot to lose” if he pushes ahead with this trade war.
The Wider Impact
On Europe
- Higher costs for exports to the US.
- Pressure on industries reliant on American markets.
- Risk of economic slowdown.
On the United States
- Loss of access to European markets for American farmers.
- Retaliation from the EU, hitting US industries.
- Rising consumer prices and inflation.
Risks of Escalation
The French minister’s warning highlights the dangers of a tit-for-tat trade war:
- Both sides face economic harm.
- Political relations between the US and EU could deteriorate further.
- Global trade stability is threatened, with ripple effects across other markets.
Conclusion
In plain terms, Trump’s tariff threats are not a one-way weapon. While they might hurt European exporters, they would also hurt ordinary Americans—farmers, businesses, and consumers. That is why France insists Trump himself “has a lot to lose.”