Macron Says US Tariffs Used as Leverage 'Unacceptable'

Watch on YouTube ↗  |  January 20, 2026 at 14:10  |  3:51  |  Bloomberg Markets
Speakers
Emmanuel Macron — President of France

Summary

French President Emmanuel Macron spoke at the World Economic Forum in Davos, criticizing US trade strategy as using tariffs and trade agreements as leverage to weaken Europe. He also warned that China's excess capacity and distortive practices threaten to overwhelm industrial and commercial sectors. Macron called for greater European economic sovereignty, a more realistic approach to protection, and the use of tools like the anti-coercion mechanism to defend European industries, specifically naming chemicals and autos as sectors being killed by unfair competition.

  • Macron criticizes US tariffs and trade pressure as unacceptable leverage against Europe.
  • He warns China's overcapacity and distortive practices threaten global industrial sectors.
  • He rejects passive acceptance of the law of the strongest and purely moral postures.
  • He calls for more European economic sovereignty and strategic autonomy.
  • He says Europe is too naive and must protect its industries when others do not respect level playing fields.
  • He specifically flags European chemicals and autos as sectors being killed by unfair competition.
  • He urges Europe to use its anti-coercion mechanism and other strong tools.
  • He advocates effective multilateralism through cooperation.
Ideas
Emmanuel Macron President of France 3:17
European chemicals, autos killed by unfair competition.
European chemical and automotive sectors are being severely harmed by unfair foreign competition, lack of a level playing field, and distortive excess capacity, especially from China, while US tariffs and trade pressure add further strain. Europe has been too naive in leaving its market open while other countries protect their own industries, and these sectors are being 'literally killed' without tougher protection and anti-coercion measures.
Up Next

This Bloomberg Markets video, published January 20, 2026, features Emmanuel Macron discussing European chemical industry, European Automotive Sector. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Emmanuel Macron  · Tickers: European chemical industry, European Automotive Sector