4 April | Euro

France's call to abandon investments in US could hit EU economy

France's call to abandon investments in US could hit EU economy

France's President Emmanuel Macron has reacted to Donald Trump's decision to impose restrictive tariffs on the European Union by calling on companies in the trading bloc to stop investing in the United States.

According to the French leader, who spoke at a meeting with industry groups, it makes no sense for companies to invest in the US amid its economic pressure on Europe.

However, as Bloomberg notes, companies in the region which have strong trade ties with the US may find it difficult to follow Macron's advice. At the same time, the new duties create an unfavorable environment for their operations in the American market and threaten to push them out of there.

According to the latest figures released by the US Bureau of Economic Analysis, in 2023, French direct investment in the US amounted to about $370 billion. That is nearly 7% of total foreign direct investment in the United States.

Earlier on Thursday, France pushed for the EU to impose retaliatory measures against US tech companies and extend them to the services sector, according to the country's government spokeswoman Sophie Primas.

Anton Volkov MarketCheese
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
Yesterday at 10:42 AM 23
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Yesterday at 08:53 AM 35
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 55
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 49
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 81
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 52
Go to forecasts