French President Emmanuel Macron called on Thursday for European companies to suspend planned investment in the United States after U.S. President Donald Trump announced sweeping global tariffs on American imports. "I think what's important, and that's all the work that must be done by sector, that the 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.
Macron said no response had been ruled out yet and suggested using the anti-coercion mechanism, responses targeting digital services and looking at 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".
France's Macron calls for suspension of investment in US after tariffs | Reuters
April 3 (Reuters) - The U.S. dollar sank against major peers on Thursday, dropping to six-month lows against the euro, and the safe haven yen and Swiss franc, as investors grappled with how U.S. President Donald Trump's far-reaching tariffs will impact global trade and economic growth. The harsher-than-expected tariffs announcement sent shockwaves through markets, sinking global stocks and sending investors into the safety of less risky currencies, bonds and gold, fearing that a full-blown trade dispute could trigger a sharp global economic slowdown and fuel inflation.
Dollar sinks as investors grapple with tariff aftermath | Reuters
Prime Minister Mark Carney said on Thursday that Canada was "ready" to lead a coalition of countries that believe in free trade and global cooperation following U.S. President Donald Trump's global tariffs. "If the United States no longer wants to lead, Canada will," he said.
In my conversation with Chancellor Scholz this morning, we agreed to strengthen the diverse trade relationship between Canada and Germany.
— Mark Carney (@mark-carney.bsky.social) 3 April 2025 at 16:01
As we face the crisis caused by President Trump’s tariffs, reliable trade partners are more important than ever.
