archiveMacron

French President Emmanuel Macron has urged European companies to halt investments in the US until Donald Trump clarifies his newly imposed tariffs on Europe and other countries. His call comes after Trump introduced steep tariffs, including a 20 per cent tax on EU imports, sparking economic concerns and a strong response from European leaders.read moreFrench 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...

Macron's comments are seen as an attempt to dissuade French tycoons from cozying up to Trump, potentially to try to cut private deals, outside regular EU trade policy. Earlier this month Trump announced that French shipping giant CMA CGM intended to invest €20 billion in the U.S. In January, meanwhile, Bernard Arnault, the head of luxury goods giant LVMH, said he was considering increasing investment in the U.S. and lauded Trump's economic policy. On Wednesday the Trump administration slapped the EU with 20 percent tariffs on all exports to the...