Macron Stands Firm on EU-China Trade Deficit

During a state visit to China, French President Emmanuel Macron warned Beijing of potential tariffs if they do not address the large trade deficit with the European Union. He urged cooperation on trade imbalances, geopolitics, and environmental issues, suggesting dismantling export restrictions to promote fair trade.

French President Emmanuel Macron has issued a stark warning to China over its burgeoning trade surplus with the European Union, highlighting the urgency for Beijing to take corrective action. During his visit to China, Macron emphasized the critical need for cooperation to balance global trade, address geopolitical tensions, and protect the environment.

Macron indicated that without tangible efforts from China, Europe could resort to implementing protective tariffs similar to those employed by the United States. He cited the trend of decreasing imports from Europe to China as a catalyst for potential economic repercussions, urging decisive measures to prevent further strain on European industries.

Despite the tough stance, Macron proposed a reconciliatory strategy, including lifting export restrictions, particularly on semiconductor machinery and rare earths. He called for increased Chinese investment in Europe to bolster local economies, foster innovation, and establish new growth opportunities.