BHP, Rio Tinto shares rise as peer Vale posts smaller-than-feared Q2 profit drop
Investing.com -- In response to the recent announcement of global tariffs on American imports by U.S. President Donald Trump, French President Emmanuel Macron urged European companies to put a hold on their planned investments in the United States. Macron made this call during a meeting with French industry representatives on Thursday.
The French President stated that it’s crucial for the investments announced in the past weeks or those yet to come, to be suspended until there is clarity on the situation with the United States. He mentioned that no potential responses have been dismissed at this point, and suggested several strategies. These include the use of an anti-coercion mechanism, targeting digital services, and examining the financing mechanisms of the U.S. economy.
Macron further stated that the response to the reciprocal tariffs would be more extensive than the earlier retaliation to U.S. steel and aluminum tariffs. He described the tariffs as "brutal and unfounded" and a disruption for international trade. Macron emphasized that Europe must respond to these tariffs on an industry-by-industry basis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.