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Home World Europe

Trump’s tariff war is imminent, Macron and Draghi warn Europe – POLITICO

13 November 2024
in Europe
Trump’s tariff war is imminent, Macron and Draghi warn Europe – POLITICO
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French President Macron warned that the Trump administration’s protectionist policies could harm European-American trade relationships, urging Brussels to adopt a more aggressive trade strategy like recent EU tariffs on Chinese electric vehicles. Macron and Italian PM Draghi criticized the EU’s economic approach, advocating for increased investment in strategic sectors and the creation of a capital markets union to support innovative companies. They emphasized the need for Europe to follow the US example of directing private capital towards key industries and reducing unnecessary regulations that hinder technological development.

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Tags: DraghiEuropeImminentMacronPOLITICOtariffTrumpsWarwarn
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