President Donald Trump took a dramatic step toward fulfilling a key campaign promise last week by implementing sweeping tariffs on a host of countries.
The move seeks to rectify massive trade deficits and increase revenue.
French President Emmanuel Macron was among the world leaders outraged by Trump’s move, as Breitbart reports.
Marcon declared that harsh retaliation was in order.
The statement from the French leader prompted Ric Grenell, Trump’s White House special envoy for special missions, to suggest that the U.S. halt loan guarantees that benefit France.
According to Reuters, it was on Thursday that Macron called on companies in Europe to halt planned investments in America as a means of response to Trump’s tariffs.
Speaking to a group of industry representatives from his own country, Macron stated:
“Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States.”
The French president further declared Trump’s tariff initiative to be “brutal and unfounded.”
Macron also vowed that the response would be “more powerful” than prior reactions to American tariffs on steel and aluminum.
Macron’s reaction comes in the wake of an announcement made weeks ago by French shipping firm CMA CGM