France cuts its growth forecast for 2025 as tariffs spark trade war

French Finance Minister Eric Lombard trimmed the government’s 2025 growth forecast on Wednesday as a global trade war escalates, but said that the government aimed to stick to its deficit reduction plans. The euro zone’s second-biggest economy is now expected to grow only 0.7% instead of the 0.9% it had based its 2025 budget on, Lombard said.