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3w ago

Macron Urges EU Investment Freeze in US Over New Tariffs

The French President calls for a united European response to the Trump administration's 20% tariff on EU exports, proposing a two-stage retaliation plan.

French President Emmanuel Macron speaks during a meeting with representatives of the sectors affected by US tariffs at the Elysee Palace in Paris, France, April 3, 2025, after US President Trump announced on April 2, a taxation of 20 percent tariffs to Europe. MOHAMMED BADRA/Pool via REUTERS
Macron said that the tariffs were "brutal and unfounded"
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Overview

  • French President Emmanuel Macron has called for a suspension of European investments in the United States following the Trump administration's imposition of a 20% tariff on all EU exports.
  • Macron described the tariffs as 'brutal and unfounded,' warning of their significant economic impact on Europe and urging EU nations to respond collectively.
  • He outlined a two-stage European response, with initial measures addressing existing steel and aluminum tariffs set for mid-April and a broader response to follow by the end of the month.
  • Proposed EU countermeasures include the use of the anti-coercion instrument and potential actions targeting American Big Tech companies.
  • Macron criticized European companies for considering increased investments in the US despite the tariffs, emphasizing the importance of solidarity within the EU.