French President Emmanuel Macron has urged European companies to suspend any planned investments in the United States in response to President Donald Trump’s recent announcement of sweeping global tariffs on imports.
Macron made the statement on Thursday during a meeting with French industry representatives, signaling Europe’s frustration with Trump’s aggressive trade policies.
“I think what’s important, and that’s all the work that must be done by sector, is that the investments to come, or investments announced in recent weeks, should be suspended until things are clarified with the United States,” Macron said.
His comments come after Trump imposed a 10% tariff on goods from countries like Ghana, China, and several others as part of a broader crackdown on what he considers unfair trade practices.
Macron also hinted at a stronger European response, suggesting the use of an anti-coercion mechanism, which would target U.S. digital services, as well as exploring financial mechanisms to offset the impact on the U.S. economy.
READ ALSO: ‘I’m Scared for His Life’: Wife of Father Deported to El Salvador After ICE Mistake Speaks Out
He emphasized that Europe’s counter-response would be “more massive” than the retaliation seen in the past, such as the EU’s measures against U.S. steel and aluminum tariffs.
Describing Trump’s tariff policy as “brutal and unfounded,” Macron warned that it represented a shock to international trade. He argued that Europe must retaliate strategically, “industry by industry,” to safeguard its own economic interests.
The French president’s remarks come amid growing concerns over the ripple effects of Trump’s global tariff crackdown, which has already sparked tensions in various parts of the world.
Macron’s call for a suspension of investment signals a deeper rift between the U.S. and Europe, as both sides brace for the economic fallout of Trump’s trade war.
