Macron calls EU companies to freeze investments in the United States – Politico

Macron’s comments are considered an attempt to dissuade the French magnates from going to Trump, potentially to try to reduce private agreements, apart from the regular commercial policy of the EU.

Earlier this month, Trump announced that the French giant of the CMA CGM expedition intended to invest 20 billion euros in the United States in January, in the meantime, Bernard Arnault, chief of the luxury products giant, LVMH, said that he was considering growing investments in the United States and greeted Trump’s economic policy.

On Wednesday, the Trump administration threw the EU with 20% prices on all exports to the United States in what Macron called “a brutal and unfounded decision”.

The French president said that Trump’s prices have confirmed that France was right to put pressure on a more difficult commercial policy and stronger commercial defense instruments.

“We must continue to accelerate at European level with a commercial protection program,” said Macron, citing EU tasks on Chinese vehicles as an example of how the EU can increase the pressure on its economic competitors.

“We are not naive, we will protect ourselves,” said Macron, referring to the trade war with the United States

In addition to reprisal prices, said Macron, Brussels should consider using the so-called EU anti-coercion instrument against the United States-a new tool in the commercial arsenal of the block that has been designed to strike countries like China-and also take measures achieving great American technology.

“Nothing is excluded, all the tools are on the table,” said Macron.