
Macron’s Posturing as Europe’s Leader Needs Economic Reality Check
Suspending investment with the U.S., a crucial trading partner, could hurt French businesses more than Washington.

Suspending investment with the U.S., a crucial trading partner, could hurt French businesses more than Washington.
As tensions rise between Brussels and Washington, the EU has its own ways of “protecting European production against international trade distortions.”
The French president’s push for a unified EU stance may alienate allies and complicate relations with key industries.

The European Union is angry with Trump because its “protectionist racket has finally hit a wall.”
A study conducted in six countries showed Westerners support retaliatory tariffs against the U.S. even though they are aware it will hurt their pocketbooks.

The tariffs, which are due to start on April 3rd, could cost the European car industry several billion euros and put up to 25,000 jobs at risk.

Trump has warned that if Brussels retaliates, “far larger” measures will be unleashed.

Trump targeting allies doesn’t excuse the EU’s imposing new tariffs that taxpayers will have to bear, rather than addressing European protectionism.

Other White House measures include the threat of 100% duties on BRICS countries, escalating the global trade war.

Macron and Scholz would prefer immediate retaliation, while others would rather de-escalate.