Shafaq News/ On Thursday, FrenchPresident Emmanuel Macron has urged French companies to suspend all planned investmentsin the United States “until the situation is clearer” regarding US tariffs.
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.
“This is a message we can send,especially if investments are being made in the US economy while they areimposing tariffs on us,” he said.
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."
The French president confirmed thatthe European response to the tariffs would come in two phases. The first phase,starting in mid-April, would target steel and aluminum. The second phase, dueby the end of April, would include further measures following asector-by-sector review.
He also called on the European Unionto prepare a strong counter-response, including retaliatory measures targetingAmerican technology and services companies.
Meanwhile, Canadian Prime MinisterMark Carney announced that Canada would impose retaliatory tariffs of 25% on US-madevehicles in response to tariffs imposed by the Trump administration on foreigncars.
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.
Canada avoided the so-called"reciprocal tariffs" announced by President Donald Trump onWednesday, but the new 25% US tariffs on foreign-made cars went into effectThursday morning. For Canada, these tariffs apply to the non-US components inassembled vehicles.
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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