French Officials Critique EU-US Trade Agreement as a 'Bad' Deal

In recent developments surrounding the EU-US trade agreement reached in July 2025, French officials have expressed significant concerns regarding its implications, particularly regarding tariffs and economic impact. The agreement retains a 15% tariff on European exports to the US, despite initial threats to potentially double this rate. French Economy Minister Eric Lombard labeled the deal as 'bad,' admitting it was the 'least bad solution' available but emphasized the need for improvements, particularly in exemptions for sectors including aeronautics, pharmaceuticals, and agriculture. In his view, while the agreement provides some stability amidst uncertainty, it also highlights Europe’s vulnerable position in international trade negotiations.

Lombard voiced a strong apprehension about the future, stating, 'We have entered a world of economic predators,' reflecting the sentiments shared by French Prime Minister François Bayrou, who described the agreement as a 'dark day' for European diplomatic standing. The deal includes a commitment from the EU to increase energy purchases from the US by $750 billion and to invest an additional $600 billion, which Lombard noted was meant to lessen Europe's reliance on Russian gas.

Despite his assessment that the agreement would have a modest impact on the French economy, Lombard acknowledged ongoing discussions are needed to address the sectors still facing tariffs. This critical view has united the French business community and political figures, who are dissatisfied with what they perceive as Europe's capitulation to US demands.