Thursday, June 8, 2023
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France's Le Maire: Europe must defend its economic interests from US subsidy package

PARIS (Reuters) – France may try to negotiate some exemptions from tariffs and restrictions imposed by U.S. anti-inflation laws, but Europe must, French Finance Minister Bruno Le Maire said on Sunday. Take action to protect the EU’s economic interests.

Le Maire will accompany French President Emmanuel Macron on a state visit to the United States next week. The bill could deal a fatal blow to their industries, which have already been hit by high energy prices caused by Russia’s invasion of Ukraine.

“France may ask to be exempted from certain tariffs and restrictions imposed by the US government. But the real question we must ask ourselves is what kind of globalization is Ahead us?” Le Maire told France 3 television.

“China supports Chinese production, the United States supports American production, and now is the time for Europe to support European production… All European countries must understand that in the face of these American decisions today, we must learn to be more protect and defend our economic interests,” he added.



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