French President Emmanuel Macron called on Thursday for European companies to suspend planned investment in the United States after U.S. President Donald Trump announced sweeping global tariffs on American imports.
"Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States," Macron said during a meeting with French industry representatives.
The comments come weeks after French shipping firm CMA CGM announced plans to invest $20 billion in the U.S. to build shipping logistics and terminals, a plan that was hailed by President Trump at the time, and mentioned again in his Wednesday speech unveiling the tariffs.
French electrical equipment supplier Schneider Electric said late last month it would invest $700 million in the country to support U.S. energy infrastructure to power AI growth.
Neither company immediately responded to requests for comment on Macron's proposal.
"Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States," Macron said during a meeting with French industry representatives.
The comments come weeks after French shipping firm CMA CGM announced plans to invest $20 billion in the U.S. to build shipping logistics and terminals, a plan that was hailed by President Trump at the time, and mentioned again in his Wednesday speech unveiling the tariffs.
French electrical equipment supplier Schneider Electric said late last month it would invest $700 million in the country to support U.S. energy infrastructure to power AI growth.
Neither company immediately responded to requests for comment on Macron's proposal.
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