The European Union is set to implement the European anti-coercion mechanism if the US proceeds with increasing tariffs on European vehicles, as announced today Tuesday (5/05) by French President Emmanuel Macron, condemning “destabilizing threats.”
Read: Ursula von der Leyen: EU “ready for all scenarios” regarding US tariffs on European cars
Macron: “There are agreements that have been signed and must be respected”
“I think that in the current geopolitical climate, allies like the US and the European Union have much better things to do than raise destabilizing threats,” emphasized the French president at a press conference in the Armenian capital, Yerevan.
Donald Trump announced on Friday his intention to proceed with increasing customs tariffs imposed on cars and trucks imported from the EU to the US to 25% starting this week, arguing that Brussels is not complying with the agreement.
Macron said that France supports free and fair trade and that all response options to tariffs are on the table. “There are agreements that have been signed and must be respected. If they are challenged, everything will have to be reopened,” Macron emphasized. “And if any country is threatened with tariffs, the European Union has tools that must then be activated, because that is its purpose. So yes, everything is on the table,” he added.
