Trade war: Emmanuel Macron calls for suspending investments in the United States

Emmanuel Macron reacts to Donald Trump's announcement

Following the announcement of Donald Trump's new “Tariffs” who disrupted the financial markets, Emmanuel Macron held a meeting on Thursday with the representatives of the impacted sectors.

In the preliminary speech of this meeting, The president called on companies to suspend their investments in the United States,, at least temporarily, faced with a decision which he describes as “brutal and unfounded“:

So I think what is important, and that is all the work that must be done by sector, is that the investments to come or that the investments announced in recent weeks, are a time, suspended, as long as we have not clarified things with the United States of America.

What are the 10 shares to follow on the stock market?

Emmanuel Macron says: “We do not correct commercial imbalances by putting tariffsHe explains, highlighting economic theories. Moreover, the calculation of said imbalances should be put into perspective, since certain sectors would not be taken into account, such as digital services.

While the whole world is concerned, 20 % customs duties have been decreed for the European Union, but this is only a minimum. For example, those in the aluminum, steel and automotive sectors are already fixed at 25 %, and it could be the same for those of pharmacy, wood and semiconductors.

Investing: all the essential resources of the informed investor

Advertisement

Heterogeneous effects according to each country

Despite everything, the impact will not be homogeneous for all the countries of the Union. For example, where exports to the United States weigh 10 % of the Irish gross domestic product (GDP), This value would only be “1.5 % for France.

However, it is also a question of considering the effects of ricochets, due to customs duties “more massive” For “China, India, and more generally Southeast Asia». These countries could then choose to redirect their exports, especially to Europe, which can unbalance the local sectors concerned.

So, Emmanuel Macron calls for European countries to be “reactive, united and organized»»because according to him, these measures will first impact the United States:

One thing is certain, with the decisions of this night, the American economy and the Americans, whether it be companies and citizens, will come out lower than yesterday and poorer. And I think you have to hammer it. And we must hammer it, and we must hold, I will come back to it, because these decisions, they are not sustainable for the American economy itself.

While this impact will be immediate for the American economy, according to the president, the effects of these measures could take several years to become “tangible in European economies».

Also read – Bitcoin in front of the trade war: the low point finally reached? Vincent Ganne's analysis

After the first hot reactions on the market, note that CAC 40 lost 1.66 % during Thursday session. Since the beginning of March, the reference index in France thus has given up 7 %, almost erasing its earnings of the year.

Source: Élysée, X

Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.

Vincent Mayor

1715 articles