Macron Threatens US Tariffs, Warns of 'Equivalent Compensation' from Europe

BRUSSELS – French President Emmanuel Macron issued his strongest warning yet in the transatlantic trade dispute on Thursday. He stated that if the 10% tariff imposed by the United States on European products remains in place, then Europe has no choice but to implement "equivalent compensation" on American industries.

This firm statement was made on the sidelines of the EU leaders' summit in Brussels, where the threat of a trade war with President Donald Trump's administration was a pressing topic of discussion. The European Union is striving to reach a trade agreement with the US before the July 9 deadline, but talks are proving to be difficult.

"If the 10% US tariff remains, Europe must impose equivalent compensation on US industries," Macron told reporters.

This statement emphasizes that Europe's patience is running thin. Macron, who previously described the US tariffs as "brutal and baseless," argued that allies should not engage in a trade war, especially after European countries agreed to increase their defense budgets at the US request during a recent NATO summit.

The threat of "equivalent compensation" is a clear signal that the European Union is ready to retaliate with tariffs if negotiations fail. This raises the risk of a full-scale trade war that could harm businesses and consumers on both sides of the Atlantic Ocean.#TrumpTariffsImpact #MacronVsTrump $BTC