Macron Calls 90-Day Tariff Pause Fragile, Urges EU Unity

Generated by AI AgentWord on the Street
Friday, Apr 11, 2025 3:01 am ET1min read

French President Emmanuel Macron has expressed skepticism over the recent decision by U.S. President Donald Trump to temporarily halt tariffs on certain countries. Macron described the 90-day pause as a "fragile pause," indicating that while it opens the door for negotiations, it does not guarantee a lasting resolution.

In a statement, Macron emphasized that the tariffs, which include a 25% levy on steel, aluminum, and automobiles, as well as a 10% tariff on other products, remain a significant threat. These tariffs, he noted, represent a substantial economic burden for the European Union, amounting to 520 billion euros. The 90-day pause, therefore, introduces a period of uncertainty that affects businesses on both sides of the AtlanticATLN-- and beyond.

Macron reiterated France's and the EU's commitment to forming a united front in negotiations aimed at reaching an agreement and lifting the U.S. tariffs. This stance underscores the importance of a coordinated approach in addressing the trade disputes, which have far-reaching implications for global economic stability.

The temporary halt in tariffs is seen as a step towards easing tensions, but the underlying issues remain unresolved. Macron's comments highlight the delicate nature of the ongoing trade negotiations and the potential for volatility in the trade landscape. The pause provides a window for dialogue, but the outcome remains contingent on the success of the negotiations.

Trump's decision to pause the tariffs was made in acknowledgment of the potential "transition problems" that tariffs may cause. However, he has threatened to reinstate higher tariffs if a deal is not reached, adding to the uncertainty. This development underscores the complex dynamics of international trade relations and the need for sustained efforts to achieve a mutually beneficial agreement.

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