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French President Emmanuel Macron has called for stronger European trade defenses and greater investment, warning that dependence on China and fossil fuels is threatening the continent’s competitiveness.
Speaking in Spain, Macron urged Europe to boost innovation, simplify regulations, increase financing and shield industrial producers from unfair competition, according to the source report.
“China has completely flooded the European market,” Macron said, arguing that Europe had transferred substantial technology to China while treating the country as a major market for European businesses.
He accused Beijing of heavily subsidizing companies and using dumping practices to drive competitors out of the market. “Today, as we speak, we Europeans run a trade deficit with China of €1 billion every day,” he said.
Macron calls for stronger trade defenses
The French president called for faster investigations by the European Commission, stronger trade-defense instruments and rules requiring imported goods to meet the same standards imposed on European producers.
Macron also warned that Europe’s shift toward decarbonization had not eliminated its energy vulnerabilities.
“Today, we remain heavily dependent on fossil fuels,” he said, citing the situation in the Strait of Hormuz as a risk to European economic models. He added that even Spain and France, despite making significant progress in decarbonization, continued to face such dependencies.
Investment in technology and industry
He called for stronger electricity interconnections and increased investment in artificial intelligence, quantum technology and defense.
Macron said Europeans had more savings than Americans but that much of this money remained in banks and insurance companies because of strict financial regulations introduced after a crisis originating with American market participants.
He urged the easing of financial rules to direct savings toward investment, alongside a stronger European Union budget and deeper integration of the single market.
