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France: Young French residents anxious Trump's tariff threats on EU could burden consumers

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Young people in Lyon, France said they fear rising prices and economic hardships could ensue if the tariffs proposed by U.S. President-elect Donald Trump on the European Union (EU) are implemented. Trump has threatened to impose extra tariffs ranging from 10 to 20 percent on all products from U.S. trading partners, including the EU. "I think the impact would be quite significant. With Trump following his 'America First' policy, I believe that there will be a chain reaction in Europe. When economies begin to slow down, priority will likely be given to domestic markets," said Louis, a student. "I think it will contribute to rising prices. With life already being complicated, and it being hard to buy things on a daily basis, it will make things worse for Europeans. We will lose purchasing power, and we're starting to somewhat distance ourselves from the United States," said Yann, another student. One young woman said that Europe should respond in kind to tariffs and actively strengthen EU policies. "I think Europe needs to assert itself with regard to U.S. trade policies, and, perhaps in the same way, impose tariffs. It should also seek other trade partners outside the United States and strengthen its own policies within the European Union. I think it will further drive the process of closing national economies. And so, a wave of protectionism could be countered by European integration. But I'm not very optimistic about that. So, I think we'll move more towards the closure of national economies, leading to a shrinking of the global economy," said Mathilde. By and large, young residents in Lyon expressed the belief that Trump's tariffs would lead to widespread price increases, particularly on foreign-produced products. "If I want to buy products imported from abroad, I'll have to pay much more. That's going to be annoying, but we'll have to shift towards more local dynamics, and that will be a change," said Yann, a student. "It's likely to lead to a general price increase, where everyone will start taxing all imports from all countries. And this isn't necessarily beneficial for everyone. In the end, it will only create trade barriers, ultimately leading to a decline in the global economy," said Barthelemy. "That is to say, regardless of what Trump actually implements or how Europe reacts, it's the consumer who will end up bearing the final cost. Whether the price increase comes from tariffs, taxes at another stage, or something else, it's often the weakest link in the chain that bears the burden in the end – and that is currently the consumer," said Sami, a student. SHOTLIST: FILE: Washington D.C., USA - October 2024 1. Various of Capitol Hill, U.S. national flag; Lyon, France - Recent 2. SOUNDBITE (French) Louis, student (full name not given): "I think the impact would be quite significant. With Trump following his 'America First' policy, I believe that there will be a chain reaction in Europe. When economies begin to slow down, priority will likely be given to domestic markets."; FILE: Brussels, Belgium - March 24, 2023 3. Various of European Union (EU) buildings, sign, flags; Lyon, France - Recent 4. SOUNDBITE (French) Yann, student (full name not given) (partially overlaid with shot 5): "I think it will contribute to rising prices. With life already being complicated, and it being hard to buy things on a daily basis, it will make things worse for Europeans. We will lose purchasing power, and we're starting to somewhat distance ourselves from the United States."; [SHOT OVERLAYING SOUNDBITE] FILE: Paris, France - Date Unknown 5. Arc de Triomphe, national flag of France; [SHOT OVERLAYING SOUNDBITE] FILE: Paris, France - Date Unknown 6. National flag of France; 7. Buildings, Eiffel Tower; Lyon, France - Recent 8. SOUNDBITE (French) Mathilde, youth (full name not given) (partially overlaid with shot 9): "I think Europe needs to assert itself with regard to U.S. trade policies, and, perhaps in the same way, impose tariffs. It should also seek other trade partners outside the United States and strengthen its own policies within the European Union. I think it will further drive the process of closing national economies. And so, a wave of protectionism could be countered by European integration. But I'm not very optimistic about that. So, I think we'll move more towards the closure of national economies, leading to a shrinking of the global economy."; [SHOT OVERLAYING SOUNDBITE] FILE: Paris, France - Date Unknown 9. Arc de Triomphe, national flag of France; [SHOT OVERLAYING SOUNDBITE] FILE: Paris, France - Date Unknown 10. Various of Arc de Triomphe, national flag of France, traffic; Lyon, France - Recent 11. SOUNDBITE (French) Yann, student (full name not given): "If I want to buy products imported from abroad, I'll have to pay much more. That's going to be annoying, but we'll have to shift towards more local dynamics, and that will be a change."; FILE: Paris, France - Date Unknown 12. Exterior of kitchenware store; 13. Various of customers shopping at store; Lyon, France - Recent 14. SOUNDBITE (French) Barthelemy, student (full name not given): "It's likely to lead to a general price increase, where everyone will start taxing all imports from all countries. And this isn't necessarily beneficial for everyone. In the end, it will only create trade barriers, ultimately leading to a decline in the global economy."; FILE: Washington D.C., USA - October 2024 15. Various of White House; Lyon, France - Recent 16. SOUNDBITE (French) Sami, student (full name not given): "That is to say, regardless of what Trump actually implements or how Europe reacts, it's the consumer who will end up bearing the final cost. Whether the price increase comes from tariffs, taxes at another stage, or something else, it's often the weakest link in the chain that bears the burden in the end – and that is currently the consumer."; FILE: Nantes, France - Date Unknown 17. Street view, pedestrians. [Restrictions: No access Chinese mainland]

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