French president: "strong" opposition to US decision to impose tariffs

This article is machine translated
Show original

According to news, French President Macron stated that France and the European Commission President share a consistent position, expressing "strong" opposition to the United States' announcement of imposing a comprehensive 30% tariff on EU exports starting August 1. Before this statement was released, the European Commission had conducted intensive negotiations with the United States in recent weeks, during which they proposed sincere and solid proposals.

On the basis of European solidarity, the European Commission needs to demonstrate an even more resolute determination to defend EU interests. This particularly means that if no agreement is reached before August 1, preparations for credible countermeasures must be accelerated, mobilizing all available means, including the "Anti-Coercion Instrument".

On this basis, France will fully support the European Commission's position in negotiations. Negotiations will be further intensified, aiming to reach an agreement acceptable to both sides before August 1, reflecting the mutual respect that should exist between the EU and the US as trading partners, and safeguarding their shared interests and close value chains.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments