US should avoid 'trade war with allies,' Macron says

Image
AFP Washington
Last Updated : Apr 22 2018 | 10:25 PM IST

French President Emmanuel Macron today reiterated demands that Europe be definitively spared from punishing new US steel and aluminum tariffs, days before a temporary exemption is due to expire.

"I hope... he will decide for an exemption for the European Union," Macron said of US President Donald Trump on Fox News Sunday. "You don't make trade war with your allies." Trump announced last month the United States would impose tariffs of 25 percent on steel and 10 percent on aluminum, claiming foreign imports were harming US national security by undermining the domestic production needed for military readiness.

A temporary exemption for the largest foreign sources of the metals, including Canada, Mexico and Europe, is due to expire on May 1, however.

US and European trade officials last month announced Washington and Brussels had launched a series of talks to resolve the dispute but whether any progress has been made remains unclear.

"He says exemptions till May first," Macron said Sunday. "Let's see what he will decide on May first. I just say, where are your priorities?" "If you make war against everybody, you make trade war against China, trade war against Europe, war in Syria, war against Iran -- come on, it doesn't work," Macron said.

"We are the allies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2018 | 10:25 PM IST

Next Story