Macron wants EU to target US Big Tech after new Trump tariff threat – POLITICO

A person close to Macron confirmed that exploring possible retaliation against U.S. digital players was indeed “his stance.”

Trump threatened Monday to impose further tariffs on countries whose digital rules, in his view, discriminate against American companies. This came weeks after Washington and Brussels struck a trade deal that sets a baseline 15 percent tariff on EU exports to the U.S. The two sides only published a joint statement fixing that deal last week, and Trump’s latest diatribe came as a nasty surprise to EU officials.

The Trump administration has for months criticized the EU’s digital rulebook — claiming that the Digital Services Act and the Digital Markets Act, respectively, censor American citizens and unfairly target U.S. companies.   

France has long been at the forefront of European calls to take a tougher line against Trump on trade.

However, a majority of EU countries lacks the appetite to launch a full-scale trade war, leading Brussels so far to refrain from imposing any tariff countermeasures or activating its so-called trade bazooka, the Anti-Coercion Instrument. This could, with the support of most member countries, be used to restrict the intellectual property rights of U.S. tech giants or bar them from investing in the EU. 

At the height of recent transatlantic trade tensions, European Commission President Ursula von der Leyen said that “all instruments are on the table.” | Pool Photo by Mahesh Kumar via EPA

At the height of recent transatlantic trade tensions, European Commission President Ursula von der Leyen said that “all instruments are on the table” to respond to Trump, but she then shied away from taking a hard line to keep the U.S. president engaged in efforts to end the war in Ukraine.  

The French president has expressed veiled dissatisfaction with the trade deal that was struck with Trump, letting it be known that Europe “was not feared enough” to get a good trade deal.

According to the first official, Macron is expected to raise this issue with German Chancellor Friedrich Merz later this week during a two-day stay in Macron’s summer retreat Fort Brégançon and the southern city of Toulon.  




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *