What Macron wants from China

As reported by Les Echos, the French president, during a recent visit to China, called on Beijing to strengthen cooperation on issues of "unsustainable" global trade imbalances, geopolitics, and the environment.

Macron also wanted to explain to China that its trade surplus is unsustainable, because they are "killing" their own customers, primarily by stopping importing large volumes of goods from our countries.

I told them that if they do not react, we Europeans will be forced to take tough measures in the coming months, following the example of the US, such as imposing tariffs on Chinese goods.

Emmanuel Macron

President of France

He drew attention to the fact that the European Union's trade deficit with China has increased by almost 60% over the past 6 years.

Moreover, it is indicated that France's trade balance with the PRC also continues to grow.

Macron does not deny the fact that European industry is currently in a truly difficult situation.

Today we are caught between two fires, and it is a matter of life and death for European industry. We have become a correction market, and this is the worst-case scenario.