Macron Puts CMA CGM's $20B US Pledge in Line of Fire [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance
French President Emmanuel Macron wants European businesses to take a breather from investing in the U.S., at least until President Donald Trump's sweeping global tariffs have more clarification. More from Sourcing Journal Trump Tells China to Drop Retaliatory Duties or Face 50% Tariff Hike Trump Tariffs: India Anxious About the Short Term, but Remains Hopeful Vietnam Negotiations: What's the Winning Hand? “I think what's important, and that's all the work that must be done by sector, that the investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States,” Macron said Thursday during a meeting with French industry representatives. The CMA CGM venture is one of the prior major investments Macron likely referred to, alongside a $5 billion commitment made in January by Netherlands-headquartered automaker Stellantis. French electrical company Schneider Electric also said in March it would invest $700 million
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