In a meeting with representativesfrom sectors most affected by US tariffs, Macron emphasized the need totemporarily halt future investments or those recently announced, urgingcompanies to wait for clarity in relations with Washington.
Macron warned of the significantimpact new tariffs would have on the European economy, but argued that"the real losers will be the Americans, who will emerge weaker and poorerfrom this trade escalation."
He also called on the European Unionto prepare a strong counter-response, including retaliatory measures targetingAmerican technology and services companies.
These Canadian tariffs would applyonly to vehicles that do not comply with the United States-Mexico-CanadaAgreement (USMCA), and to "non-Canadian content" in cars and trucksshipped under the agreement's rules.
The Canadian auto sector is highlyintegrated with the US industry, and it is expected to suffer from the new UStariffs. Stellantis, the parent company of Jeep and Chrysler, announced that itwould temporarily close its Windsor, Ontario assembly plant for two weeks toassess the impact of the tariffs, according to a memo sent to employees.
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