French President Emmanuel Macron on Thursday urged companies to halt investments in the United States until Donald Trump clarifies his “harsh and unjustified” new tariffs on Europe and other countries.
His remarks came after Trump imposed heavy tariffs, including a 20 per cent tax on imports from the European Union.
“Future investments, investments announced in the last weeks, should be suspended for a time for as long as the situation with the United States is not clarified,” Macron told a meeting of French companies also attended by French ministers and Prime Minister Francois Bayrou.Macron predicted Americanswillbe “weaker and poorer” after Trump’s tariff announcement, which he described as “brutal and unfounded” and which would have a “massive impact” on the European economy.
He also called on Europe to stand together in terms of their response, warning against any unilateral action.
Macron reaffirmed the French government’s position that a “European response” would come in “two stages”.
Content retrieved from: https://www.firstpost.com/world/macron-urges-eu-firms-to-pause-investments-in-us-after-trumps-liberation-day-tariffs-13877083.html.
