9,311.88 TRY BIST 100 BIST 100
39.33 USD USD USD
5.51 CNY CNY CNY
45.32 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
43.86 TRY Interest Interest
74.61 USD Fossil Oil Fossil Oil
46.02 USD Silver Silver
4.81 USD Copper Copper
94.51 USD Iron Ore Iron Ore
330.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,342.31 TRY Gold (gr) Gold (gr)

Macron and Scholz unite against US tariff threats

Macron and Scholz meeting in Paris to celebrate the 62nd anniversary of the Elysee Agreement. During the meeting organized at the Elysee Palace, it was emphasized that Europe's economic strength should be preserved, while it was remarkable that the two countries adopted different approaches on the strategy to be followed in this regard.

Macron and Scholz unite against US tariff threats

US President Donald Trump stated that Europe has a large share in trade with the US and threatened to impose tariffs on critical sectors such as steel, automobiles and chemicals. Macron and Scholz argued that Europe must respond to these threats with a strong and united response.

Scholz listed three key issues on Germany's EU policy platform: “No penalization of the European car industry, more protection for the European steel industry and the suspension of sustainability reporting, including the reduction of companies' obligations.” Scholz took a more moderate approach, advocating negotiated trade relations with the US. “This week we are facing a new US administration. It is already clear that President Trump will be a challenge,” he stated, adding,” Our position is clear. Europe is a big economic space with about 450 million citizens. We are strong. We stand together. Europe will not bend and hide”.

Macron emphasized the need for Europe to consolidate its independence and economic dominance: “Now that a new administration has taken office in the United States, it is more important than ever for Europeans and therefore for the two countries (France and Germany) to play their part in consolidating a united, strong and dominant Europe,”. He added that France could take retaliatory countermeasures if necessary.

Both leaders were united by Europe's economic interests. Scholz has focused on defusing trade tensions amid falling public support ahead of the elections, while Macron seems determined to adopt a tougher stance amid a divided parliament and domestic political equilibrium.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Canada announces anti-dumping results on steel strapping imports from 4 countries including Türkiye

Monday, June 16, 2025

England to invest 200 million pounds in carbon capture project in Scotland

Monday, June 16, 2025

Italy's new €200 million support to Acciaierie d'Italia

Monday, June 16, 2025

Trump approves acquisition of US Steel by Japan’s Nippon Steel

Monday, June 16, 2025

Andritz makes a giant investment in Germany: New Electrolyzer Gigafactory opened in Erfurt

Monday, June 16, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now