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Macron warns of US friction, pushes EU reforms

Yahoo Finance •
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French President Emmanuel Macron warned of renewed U.S. friction as Europe faces a "double challenge" from Washington and Beijing. The French leader urged EU leaders to treat what he called the Greenland moment as a wake-up call to push through long-delayed reforms to strengthen the bloc's global power amid escalating tensions with the Trump administration.

Macron, whose second term ends in 2027, predicted further clashes with the Trump administration, particularly over digital regulation. He warned of potential U.S. tariffs should the EU enforce its Digital Services Act against tech companies. The French leader called for common European borrowing to challenge U.S. dollar hegemony as markets increasingly seek alternatives amid global economic uncertainty.

Thursday's EU summit in Belgium will discuss Macron's "Made in Europe" strategy requiring minimum local content in manufactured goods. The approach has divided member states and alarmed automakers. Macron differentiated his "protection" policy from protectionism, emphasizing Europe needs European preference to compete globally amid growing trade tensions between major economic powers.