French President Emmanuel Macron has promised to retaliate against the United States with retaliatory tariffs on steel and aluminum. This is in the wake of a simmering trade war between the two countries. Macron's message is clear: France will not retreat in the face of tariffs imposed by the US.
In a gesture of defiance, Macron promised that France will impose tariffs on American aluminum and steel imports, copying the tariffs levied by the US. The tit-for-tat move will seek to defend French industries and have a level playing field in world trade.
The US had already set tariffs on EU steel and aluminum earlier, saying they posed threats to national security. The EU has, however, maintained that these tariffs are not fair and breach WTO law.
Macron's move to retaliate with tit-for-tat tariffs shows France's determination to protect its economic interests and promote the principles of fair trade. As the US-EU trade tensions continue to rise, Macron's position is bound to have far-reaching implications for the global trade environment.
Amidst this trade war, it is yet to be seen how the US will react to France's retaliatory tariffs. One thing is for sure, though: the EU will continue to stand up for its rights and interests in the face of unjust trade practices.