France Urges European Firms to Halt U.S. Investments Amid New Tariffs
French President Emmanuel Macron urged European companies on Thursday to suspend planned investments in the United States following President Donald Trump’s announcement of sweeping global tariffs on American imports. "Investments that were planned or recently announced should be put on hold until we have clarity on the situation with the United States," Macron stated during a meeting with French industry leaders. His remarks come just weeks after French shipping giant CMA CGM revealed a $20 billion investment plan in the U.S. to develop shipping logistics and terminal infrastructure. The project had been praised by Trump and was referenced again in his Wednesday speech introducing the tariffs. Similarly, French electrical equipment manufacturer Schneider Electric (SCHN.PA) announced a $700 million investment late last month to enhance U.S. energy infrastructure, particularly to support the expansion of artificial intelligence-powered industries. Neither company has yet respo...