“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.
French electrical equipment supplier Schneider Electric said late last month it would invest $700 million in the country to support U.S. energy infrastructure to power AI growth.
Macron said no response to Trump's tariffs had been ruled out yet and suggested using the anti-coercion mechanism, an EU instrument to protect the bloc's trade, and responses targeting digital services and financing mechanisms of the U.S. economy.
Macron called the tariffs “brutal and unfounded” and a shock for international trade, and that Europe must respond “industry by industry”.
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