According to CoinMeta, French Trade Minister Nicolas Furciier stated in an interview with a television station that despite the Republican Party's significant defeat in the U.S. midterms last week, President Trump is unlikely to change his trade policy. He pointed out that the president still holds considerable power and independence on these matters. Furciier mentioned that with Democrats controlling both the House of Representatives and the Senate, there will be more scrutiny of tariffs, but ultimately, policy-making will remain in the hands of the president. He added that it is very important to continue discussing the EU-U.S. trade agreement reached last year, under which the EU eliminated tariffs on American industrial products in exchange for setting a 15% tariff cap on most exported goods.