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France’s Finance Minister, Bruno Le Maire, is addressing media outlets today, speaking about Europe’s stance towards trade tariffs being threatened by the US, as well as the ongoing political push for a more unified Europe.

Key highlights:

Europe will respond in kind if the US imposes a 20% tariff on European vehicles.

Trump bet on European weakness, chose poorly.

Time is beginning to run out on Brexit, and it is concerning.

Le Maire says there can’t be a ‘status quo’ on the Eurozone.

The EU’s budget project is not a “transfer budget”.

Hopes that the US soon sees that tariffs are also bad for the US economy.

The EU needs an independent Euro-centric financing body.