In November the French trade deficit reached 9.7 billion euro. During the last three months, it amounts at 24.5 billion. Such levels were never reached in the past. On an annual basis, the deficit had fluctuated from 2012 to 2020 between 43.5 and 69 billion. In 2021, it would go beyond 80 billion. These figures are all the more worrying that the recovering of balanced trade exchanges trade balance and the rebound of enterprises competitiveness were, for ten years, among the main priorities of the successive governments. So adopted policies have failed and no lesson seems to ...