Macron says US and EU are wasting time on tariff threats as Trump fumes over Germany
Macron said allies should protect a 15% tariff deal as Trump threatened to raise duties on EU cars and trucks to 25%.
- On Friday, President Donald Trump announced plans to increase tariffs on European Union cars and trucks to 25%, a move threatening to further harm the global economy as it reels from Middle East conflicts.
- Trump justifies the tariff hike by accusing the European Union of "not complying with our fully agreed to Trade Deal," though the Supreme Court this year invalidated the legal authority for the previous 15% ceiling.
- European Commission President Ursula von der Leyen, representing 27 member countries, stated "we are prepared for every scenario" if the United States proceeds with tariff threats.
- In Yerevan, Armenia, French President Emmanuel Macron warned Tuesday that "the European Union has instruments that would then need to be activated" if trade agreements are challenged.
- Trade officials met in Paris on Tuesday to address the dispute, which intensified after Trump expressed frustration with German Chancellor Friedrich Merz regarding Iran and United States policy.
34 Articles
34 Articles
Following Trump's tariff threat, the EU is discussing potential countermeasures – and once again the so-called "trade bazooka" is being discussed: what means do Europeans have?
Macron threatens ‘bazooka’ in US trade talks
The EU is making a “final push” to hammer out trade differences with the US, but hawkish voices argued for an aggressive response. President Donald Trump threatened last week to increase tariffs on European vehicles, accusing the bloc of reneging on an agreed deal. In response, French President Emmanuel Macron called for the EU to deploy its “bazooka,” a hitherto unused “anti-coercion instrument” which could impose levies on US goods and exclude…
The US President unexpectedly threatened the EU with massively raising tariffs on vehicles, and the next few days could decide whether Europe is now going to go into a trade war with the Trump administration.
Macron says U.S., EU wasting time on tariff threats as Trump fumes over Germany
French President Emmanuel Macron says Europe and the U.S. have more important things to do than waste time on tariff threats. It comes after President Donald Trump announced plans to hike duties on European vehicles to 25% this week.
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