Steel and aluminum: tension rises between Trump and Macron
i24NEWS ·
Live from Wall Street for i24NEWS. "Tension is rising between Donald Trump and Emmanuel Macron", and this time it is not about international diplomacy but about US import tariffs on Canada, Mexico and the European Union, including France: 25% on steel and 10% on aluminum, despite last-minute talks between Paris and Washington. A measure that will raise the price of consumer goods here, from soda cans to cars and construction. In force since midnight, the tariffs were immediately denounced by Emmanuel Macron, who calls them illegal and a mistake, and the European Union is considering a proportional tariff response on everyday consumer products such as clothing and food. In the United States reactions are mixed: Donald Trump's voters see the strength of "America First", while Wall Street shuddered the day before, with a net loss of 300 points for the Dow Jones at the close, a short-lived reaction since the market rebounded thanks to a 3.8% unemployment rate, the lowest in 18 years. Correspondence by David Benaym on i24NEWS in French, June 1, 2018.