• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 16, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Macron Condemns Tariffs by Powerful Nations as ‘Blackmail’ in Global Trade

by Rounak Majumdar
July 1, 2025
in Business, News, Popular
Reading Time: 3 mins read
0
Macron Condemns Tariffs by Powerful Nations as ‘Blackmail’ in Global Trade

indianexpress.com

TwitterWhatsappLinkedin

You might also like

How does Reddit make money?

Chime Revenue and Valuation Inside the Financial Engine of America’s Neobank Leader

How Cava Group Makes Money The Cava Business Model Explained

French President Emmanuel Macron has delivered a pointed rebuke against the use of tariffs by powerful countries, describing such measures as a form of “blackmail” rather than legitimate tools for balancing international trade. Speaking at the International Conference on Financing for Development in Seville, Spain, Macron’s comments come at a critical time as the European Union negotiates a sensitive trade deal with the United States ahead of a July 9 deadline.

Without directly naming the United States or President Donald Trump, Macron’s remarks were widely interpreted as a response to recent sweeping tariffs announced by the US administration. He argued that tariffs and trade barriers are often devised by the strongest nations not to correct imbalances, but to exert pressure and extract concessions from weaker economies. Macron stated, “We need to restore freedom and equity to international trade, much more than barriers and tariffs, which are devised by the strongest, and which are often used as instruments of blackmail, not at all as instruments of rebalancing.”

Tariffs and Their Global Impact: Macron’s Warning

Macron’s speech highlighted his growing concerns about the resurgence of trade wars and the imposition of tariffs, especially at a time when the global economy is facing multiple challenges. He called the return to tariffs “an aberration,” particularly when they target nations that are only beginning their economic ascent. The French president warned that such protectionist measures threaten to undermine the fragile recovery of developing countries and could have catastrophic consequences for the world’s poorest nations.

Recent US tariffs, announced in April, set import taxes ranging from 10 to 50 percent on goods entering the United States. Although these were later reduced for a 90-day period, the move drew international criticism. The United Nations trade agency has cautioned that the highest levies are being imposed on some of the world’s least developed countries, including Lesotho, Cambodia, Laos, Madagascar, and Myanmar. According to the agency, these tariffs could have a “catastrophic impact” on their economies, disrupting growth and deepening global inequality.

Macron has consistently positioned himself as a critic of Washington’s tariff policies. He has also pointed out the contradiction in expecting European nations to increase defense spending while simultaneously being subjected to aggressive trade measures by their allies.

Calls for WTO Reform and Multilateral Cooperation:

Macron utilized the occasion to advocate for a fundamental rethinking of the World Trade Organization (WTO), in addition to criticizing tariffs. He maintained that in order to effectively support the objectives of fighting inequality and tackling climate change, the WTO needs to be modified. Macron called on the world community to back a rules-based trading system that puts sustainability and equity ahead of economic pressure and unilateral action.

He stressed that the current system, where powerful countries can impose tariffs at will, undermines the principles of free and equitable trade. Macron advocated for restoring “freedom and equity” in global commerce, warning that the alternative is a fragmented world where trade becomes a weapon rather than a means of shared prosperity.

US Response and Ongoing Trade Tensions:

The White House was quick to respond to Macron’s remarks, with press secretary Karoline Leavitt defending the use of tariffs as a necessary tool to rebuild US manufacturing and protect American workers. Leavitt emphasized that President Trump’s trade policies are designed to put American interests first, even if they disrupt established global norms. “Europe and the rest of the world might not be used to that, but President Trump is back in town and he’s going to do what’s right for our people and our country,” she said.

As the EU and US continue their trade negotiations, Macron’s comments highlight the deep divisions over the future of global trade policy. The debate over tariffs and economic “blackmail” is likely to remain at the forefront of international relations, with significant implications for developing countries and the broader world economy. Macron’s intervention signals a push for greater multilateralism and a renewed commitment to fair trade, even as powerful nations pursue more assertive and sometimes unilateral strategies.

Tags: #tariffsdeveloping countrieseconomic blackmailEmmanuel MacronFranceglobal tradeinternational relationsprotectionismUS Trade PolicyWTO reform
Tweet58SendShare16
Previous Post

Ford CEO Jim Farley Pushes Back Against Tesla’s Self-Driving Strategy, Emphasizes Lidar and Consumer Trust

Next Post

FBI Issues Urgent Warning Over Scattered Spider Ransomware Threat Targeting Airline Industry

Rounak Majumdar

Recommended For You

How does Reddit make money?

by Afeefa Ansari
June 16, 2026
0
Reddit

Are you curious about how Reddit makes money? Here is all you need to know about it! Follow the guide to know how it happens and if you...

Read more

Chime Revenue and Valuation Inside the Financial Engine of America’s Neobank Leader

by Anochie Esther
June 16, 2026
0
Chime revenue and valuation

The consumer financial technology ecosystem has undergone a massive shift from late-stage venture hype to strict public market readiness. Standing at the absolute top of the American digital...

Read more

How Cava Group Makes Money The Cava Business Model Explained

by Anochie Esther
June 16, 2026
0
Cava business model

The Cava business model is one of the most studied success stories in modern fast-casual dining  and for good reason. In less than two decades, Cava Group transformed...

Read more
Next Post
FBI Issues Urgent Warning Over Scattered Spider Ransomware Threat Targeting Airline Industry

FBI Issues Urgent Warning Over Scattered Spider Ransomware Threat Targeting Airline Industry

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?