French President Emmanuel Macron has urged European businesses to put a pause on investments in the United States in response to tariffs imposed by Donald Trump’s administration. The move, which could significantly impact economic ties between Europe and the US, was discussed in a meeting with French industry leaders. Macron’s comments came just weeks after the French shipping giant CMA CGM announced a substantial $20 billion (£16 billion) investment in American logistics and terminals. The French leader made it clear that European companies should hold off on further investments until a solution is found.
Macron’s proposal is part of a broader effort by European leaders to push back against Washington’s latest trade restrictions. Both France and Germany are advocating for a stronger response from the European Union, aiming to counteract Trump’s economic policies with measures of their own. The French president suggested that a mechanism be put in place to counter coercion by the US, ensuring that European businesses are not unfairly targeted by American protectionist policies.
The European response is expected to be much firmer than previous retaliations, such as those against US tariffs on steel and aluminium. Macron’s approach signals that Europe is prepared to take serious steps to defend its economic interests, even if it means escalating tensions with the United States.
