#WQEB973Newz – French President Emmanuel Macron has urged European companies to stop investing in the U.S. following President Donald Trump’s announcement of across-the-board tariffs on imports to America.
Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States … President Macron
“What message would we send by having major European players investing billions of euros in the American economy at a time when [the U.S.] is hitting us?” he asked during the meeting at the Elysée palace with representatives of the sectors impacted by the tariffs, Politico noted.
Macron called for “collective solidarity” in response to the U.S. levies after Trump on Wednesday placed 20 percent tariffs on the EU on all exports to the U.S.
China in recent weeks has also restricted companies from investing in the U.S., following Trump’s earlier tariff announcements, Bloomberg reported. The country now faces a Trump levy of at least 54 percent on many goods. It invested $6.9 billion in the U.S. in 2023.
📝: @the.independent
📸: @knottaj
