SHARE
COPY LINK

US

Macron warns EU must ‘react quickly’ to protectionist US policies

French President Emmanuel Macron said Monday that the European Union must "react quickly" to US plans for tariffs on steel and aluminium imports which he said clearly breached global trade rules.

Macron warns EU must 'react quickly' to protectionist US policies
Photo: AFP
“I believe it is important for the EU to react quickly, within the framework of the WTO (World Trade Organization) and in a balanced manner,” Macron said at a press conference.
   
He was it “clear that these (tariffs) would go against WTO rules.”
 
US President Donald Trump has said he wants to set tariffs of 25 percent on steel and 10 percent on aluminium to protect US producers from what he calls unfair competition.
   
The plan has sparked an outcry among American allies such as Canada, the European Union, Mexico and Australia as well as China, the world's biggest steel producer.
   
“Nationalism is a war where everyone loses,” Macron said at a press conference with the visiting leader of Canadian province Quebec, Philippe Couillard.
   
The European Commission has said it is drawing up retaliatory measures against leading US brands, such as Levi's jeans and Harley Davidson motorcycles.
   
But Trump has shown little indication that he will back down, appearing to welcome the prospect of a trade war in a series of Twitter posts since last week.
   
“If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!” he tweeted on Saturday.
   
Couillard also condemned Trump's proposed move, saying Quebec would be affected because of its large aluminium industry which produces about three million tonnes per year.
   
“But it's American consumers who are going to pay,” Couillard said, referring to the increased prices of the metal for the end user.
 
READ ALSO:

Trump to welcome Macron for first state visit on April 23Photo: AFP

EMMANUEL MACRON

Macron to make live TV broadcast to France

French president Emmanuel Macron will make a live TV broadcast to the nation about the war in Ukraine.

Macron to make live TV broadcast to France

Macron will be on TV on Wednesday at 8pm, the Elysée confirmed earlier on Wednesday.

Macron also tweeted the announcement, saying that his speech will be on the subject of the war in Ukraine.

His office added that the president’s speech “will not touch on other matters” – Macron has only until Friday to confirm whether or not he is running for re-election.

It is widely considered to be extremely unlikely that he would not stand in the April elections, but all candidates have until Friday, March 4th, to make their declaration.

Macron’s team had previously announced a rally in Marseille on Saturday, March 5th, which was expected to be the first official campaign event, but on Tuesday this was cancelled because of the ongoing international crisis.

Macron was at the forefront of international efforts to find a diplomatic resolution to the crisis, and since Russia invaded Ukraine he has remained in close contact with Ukrainian president Volodymyr Zelensky, and has also spoken – at the request of Zelensky – to Russian premier Vladimir Putin.

 
The Local will be following Macron’s speech live from 8pm HERE.
SHOW COMMENTS