France's Macron calls for suspension of investment in US after tariffs [View all]

Source: Reuters

French President Emmanuel Macron called on Thursday for European companies to suspend planned investment in the United States after U.S. President Donald Trump announced sweeping global tariffs on American imports.

"Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States," Macron said during a meeting with French industry representatives.

The comments come weeks after French shipping firm CMA CGM announced plans to invest $20 billion in the U.S. to build shipping logistics and terminals, a plan that was hailed by President Trump at the time, and mentioned again in his Wednesday speech unveiling the tariffs.

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Macron called the tariffs "brutal and unfounded" and a shock for international trade, and that Europe must respond "industry by industry".

Read more: https://www.reuters.com/markets/frances-macron-calls-suspension-investment-us-after-tariffs-2025-04-03/