Authored by ‘sundance’ via The Last Refuge blog,
French media reports that the leadership of France’s biggest companies responded to President Macron’s demand to divest their interests from America by telling him to ‘get stuffed.’ [LINK]
President Macron’s order for 50 major companies with U.S. interests to attend an emergency meeting was met with defiance. One business leader admitted, “Some of us fell out of our chairs.”
“We are not in an administered economy,” declared the leader of an employers’ movement.
The CEO of a CAC 40 giant stated,
“I don’t care about what Macron says. We have operations in the United States. We must respect our commitments to our employees, customers, and shareholders.”
A manager of a spirits producer also emphasized,
“It is out of the question to stop investing in the United States, especially in the current economic climate.”
This reaction highlights the disconnect between government officials and business leaders. While Macron focuses on ideology, corporate leaders prioritize profit.
The American consumer market is crucial for foreign companies due to its purchasing power. Despite challenges, the U.S. remains a lucrative market, attracting businesses worldwide.
President Trump prioritizes American wealth and the middle class. His policies aim for fair trade relationships and economic growth.
Foreign governments and companies struggle to maintain their imbalanced trade practices. They resist Trump’s efforts for reciprocity.
Foreign lobbying influences U.S. policies, creating challenges for fair trade.
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