“We do prefer respect to bullies. And we do prefer rule of law to brutality.”
Macron did not name Trump in his address, but his remarks left no doubt that he wanted fellow members in the European Union to agree on vigorous sanctions against the US if the White House went ahead with the tariffs.
Canada’s Prime Minister Mark Carney at Davos.Credit: Bloomberg
European leaders are expected to speak to Trump at the Davos gathering, but they are also planning a meeting in Brussels on Thursday to discuss a joint response to the US threat of 10 per cent tariffs on all exports from February 1, rising to 25 per cent from June 1.
Macron backed the use of a powerful mechanism known as the “anti-coercion instrument” within the EU because it authorises the use of tariffs, investment controls and other policy decisions against a country that threatens coercion against the EU.
This could lead to tariffs on US exports to Europe worth €93 billion ($162 billion), although the scope would depend on a negotiation. The mechanism has been dubbed a “trade bazooka” in the media.
Macron spoke hours after Trump revealed a private text message from the French president.
“I do not understand what you are doing on Greenland,” Macron said in the message, which Trump posted to his Truth Social site.
Belgian Prime Minister Bart De Wever took a similar line to Macron, in a sign of the support within the EU for a firm response on trade and Greenland.
“Being a happy vassal is one thing. Being a miserable slave is something else,” De Wever told the forum.
Loading
“If you back down now you’re going to lose your dignity.”
Trump stuck by his plans on social media in a post about his agreements with NATO, which included commitments from European members last year to increase their defence spending.
“No single person, or President, has done more for NATO than President Donald J. Trump,” he posted.
“If I didn’t come along, there would be no NATO right now!!!”
Macron also used his address to encourage wealthy global investors – the key audience at Davos, which is primarily a gathering of industry chiefs and policy advisers – to back Europe because of the unpredictability of others, although he did not name the US.
“We have a place where rule of law and predictability is still the rule of the game. And my guess is that it is largely underpriced by the market,” he said.
With wires
Get a note directly from our foreign correspondents on what’s making headlines around the world. Sign up for our weekly What in the World newsletter.
