Macron threatens China with tariffs 'in the coming months'
The French president, returning from an official
trip to China, believes that China must take measures to reduce its
trade surplus with the EU.
French President Emmanuel Macron said he has threatened China with tariffs if Beijing fails to take steps to reduce its massive trade surplus with the EU, in remarks published on Sunday, December 7.
"I told them that if they don't react, we Europeans will be forced to take strong measures in the coming months," Macron told business daily Les Echos after returning from a state visit to China. Such measures could be modeled on steps taken by the United States, he said, "such as tariffs on Chinese products, for example."
The EU's trade deficit with China – the world's second-largest economy after the United States – exceeded €300 billion in 2024, Les Echos said. The 27 European Union members cannot set trade policy, including tariffs, individually, instead being represented by the EU Commission.
Macron, whose country is the EU's second-largest economy after Germany,
acknowledged that it was a challenge to get a consensus on the China
tariff question across the bloc. Germany, with its strong presence in
China, he said, "is not yet entirely aligned with our position." "China
wants to pierce the heart of the European industrial and innovation
model, which has been historically based on machine tools and the
automobile," Macron said.
US President Donald Trump's administration slapped tariffs of 57% on
Chinese products this year, although this was cut to 47% as part of a
deal between both countries reached in October. US protectionism had
aggravated the problem for the EU, Macron said, since China was
"massively" re-directing products initially earmarked for America
towards Europe. "We are caught in the middle today," Macron said. "This
is a question of life and death for European industry."
During his visit to China, Macron said the EU needed to accept more
Chinese direct investment as part of efforts to reduce the trade
deficit. "We cannot always be importing, Chinese companies must come to
Europe," he told Les Echos, adding, however, that Chinese
businesses could not be allowed to act like "predators" with "hegemonic
objectives." The EU needed to combine protection for its most vulnerable
sectors, such as the car industry, with a boost to competitiveness, he
urged.
