The joint statement highlighted the potential for supply chain disruptions and threats to economic security stemming from these restrictions. Additionally, the ministers condemned market-distorting practices and structural overcapacities. France emphasized the need for closer collaboration between the United States and Europe, particularly in light of U.S. President Trump’s announcement to increase tariffs on EU automobiles and trucks from 15% to 25%, citing non-compliance with trade agreements. This meeting took place on May 7, 2026.