Macron Challenges Tariff 'Blackmail': Calls for Equitable Trade
During an international conference in Seville, French President Emmanuel Macron criticized tariffs as tools of 'blackmail' rather than trade rebalancing. He emphasized the need to reform the World Trade Organization, stressing that current tariffs are especially harmful to developing economies, and criticized the U.S. tariff approach without directly naming the country.
French President Emmanuel Macron labeled tariffs imposed by powerful nations as 'blackmail' during a speech at the International Conference on Financing for Development in Seville, Spain. His remarks coincide with the European Union's trade negotiations with the United States, although he avoided directly naming the U.S.
Macron argued for a return to free and equitable international trade, critiquing current tariffs as strategies of dominance rather than balancing. He also called for World Trade Organization reform to align with anti-inequality and climate change goals.
Highlighting potential catastrophes for developing countries, Macron condemned the tariff policies introduced by Donald Trump in April. Stressing the negative impact, he described it as inappropriate to escalate trade wars when economic disparities are vast, especially pressing for Europe to increase its defense spending under these conditions.
(With inputs from agencies.)
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