France
Statement summary
Macron calls for an EU Section 301 equivalent in a Politico report
Macron calls for an EU equivalent of Section 301 in his quantum computing speech according to Politico.
PARIS — French President Emmanuel Macron on Friday said the EU should take inspiration from the U.S. on trade measures aimed at protecting strategic industries. “We must accept to take protective measures, safeguard measures,” Macron said on Friday, calling for “the European equivalent of Section 301.” Section 301 of the Trade Act of 1974 allows U.S. authorities to investigate unfair or discriminatory trade practices, and impose tariffs in response. It is also the legal basis that President Donald Trump plans to use to impose new tariffs when his current interim tariffs expire in late July. “There is no reason why, when our sovereignty is at stake, hit by foreign actors … we should not react,” Macron said in a speech to an event on quantum computing in Bruyères-le-Châtel. In line with France’s long-standing economic agenda, Macron also defended local content requirements and a “Buy...