According to French media, quoting multiple corporate leaders and company directors throughout France [LINK], the leadership of France’s biggest companies told Macron to ‘get stuffed’ following the French president’s demand to divest their interests from America.
President Macron ordered 50 of the largest companies with positions in the USA to attend an emergency economic meeting at Elysée Palace. As reported by French media, “Some of us fell out of our chairs,” confided one of the 50 or so French business leaders invited.”
“We are not in an administered economy,” thunders the leader of an employers’ movement. And the CEO of a CAC 40 giant bluntly asserts: “I don’t give a damn about what Macron says. We have operations in the United States. There is no question of abandoning them just like that. We must respect our commitments to our employees, our customers and our shareholders. An opinion shared by a manager of a spirits producer: “It is out of the question to stop investing in the United States, especially in the current economic slump.” [link]
This type of reaction should not be surprising at it reflects the transparent disconnect between ideological government officials and generally pragmatic business leaders. Macron can stomp his reactionary feet, but corporate leaders and company owners are focused on the purpose of their enterprise, profit.
The American consumer market is the most valuable consumer market in the world. We do not have the largest population; however, we do have the largest population with the ability to purchase things. It is the ability to buy stuff that makes access to the U.S. market the golden ticket for foreign company sales and profit.
Despite the erosion of disposable income, an outcome of the exfiltration of U.S. wealth, Americans still have the ability to purchase goods and services at a level that is much, much higher than any other nation. Lessening that wealth was/is the goal of modern leftists; Barack Obama stated so openly in his, “share the wealth” worldview. Hence, the ideologues fight any policy, system or enterprise which protects or enlarges the American slice of the economic pie.
President Trump is putting American wealth, middle-class quality of life, at the forefront of policy. Reciprocal and national security tariffs are arrows in his very unique quiver. Multinational corporations, Democrats and professional leftists under multiple party names around the world are reacting to his policies that return the U.S.A to a position of gaining economically.
The EU taxes and subsidizes their population at a level that ultimately restricts and limits disposable income. Meanwhile the population of India, southeast Asia and Africa spend most of their income sustaining basic life needs. Travel the world and you will see how most of these areas welcome the tourism of Americans.
Reciprocity is the term but ultimately President Trump’s goal is a zero-tariff trade relationship with each nation. That targeted reciprocity includes direct duties and elimination of non-tariff barriers.
It’s not just other nations making our exports more expensive, the issue is also other nations putting rules, regulations and barriers against U.S. companies and products in order to make it impossible to sell our products into their countries.
The leaders of the tariff-affected governments well understand the objective; they are thrashing and gnashing their teeth because they want to retain the imbalance. The companies within those nations, like this example of France, understand there is simply no way for them to pull out of America and still maintain their earnings and profits.
As stated, the various foreign governments will surge in opposition, then fail as the reality of the situation is encompassed in the brutally honest approach by President Trump. However, it is important to remember, those foreign governments and foreign corporations also purchase influence in U.S. politics through lobbying.
We are the only government that has a formal and legal process by which another country can purchase influence for their specific interests. No other nation OPENLY permits American companies to pay government officials to change policy in their nation.
When foreign politicians accept money for influence Washington DC publicly calls it bribery and corruption. However, when those same DC politicians accept foreign money for influence, Washington DC calls it “lobbying.”
Hey all, the only individual I will trust when it comes to the global economy is Martin Armstrong and I will never argue with Socrates. Martin not only teaches how the world really works, he also brings the facts!
Politicians are masters of politics NOT economics.
https://www.armstrongeconomics.com/international-news/trade-war/why-is-trump-using-tariffs-the-truth-that-has-misled-the-world-on-tariffs/
This will force the elites of other countries to invest in their country, just as we will have to invest in ours.
The “investor” class will scream blue murder because they invest only in their own power and piracy, not the heritage population, the Wall St. versus Main St. problem. This is typical of despots and emirs who build fortress mansions amidst desperate slums.
ps- Just read the Armstrong piece, VoteAll, I can’t thank you enough. Wow!
I was raised on stories from the Great Depression, Mum married and had her first two children then.
Agree!!
Marine Le Pen was not available for comment.
No, corporations cannot and will not abandon their customers, their contracts, and their workers simply because a politician demands it. The costs of doing business might change, and this might promote possibly-dramatic changes in how the corporation does business in the future. But, this takes time, and corporations will take the time. That contract is a promise, and that promise will be kept.
It’s why Trump / Lutnick created the Citizenship Gold Card before imposing the tariff strategy. HaHa!
Those EU businesses must clearly see that the socialist EU government is becoming ever more confiscate. It’s a dim future.
Amazing! Thank you, Sundance!
Who does he think he is, Xi Jing Ping?
Macron seems to be the vocal front man of the EU (even though he is a puppet doing as he is told) and he makes it very clear that any employee is expendable to achieve the WEF goal. The working middle class anywhere on earth are vital EMPLOYEES, they are not workers, North Korea, has workers, China has workers and we know how those countries treat their society.
Of the 50 CEO’s Macron, demand attend his foot stomping session at least several have made it very clear that they have a responsibility to to their employees and will not throw them out as if they are trash.
The success of any profitable company is it’s valued staff of employees, should your employer call you a WORKER your company considers you slave labor and your only value is a beating heart.
Pay attention to how MSM calls everyone workers, they are training you to look at yourself as nothing more than a worker, dam the MSM wrong!
He’s heavily compromised as its appearing from Candice Owens’ research that the “Madame” is an XY.
Whenever Macron is caught flat-footed, he looks to his 80-year-old former teacher now turned husband cross dresser, for the words he needs.
Macron is nothing, in himself, another puppet on the world stage…
It’s doubtful our First Lady Melania will continue to entertain this fakery. One would assume during Trump’s first presidency Melania with her keen eye and great instincts upon meeting the Madame Macaroon thought to herself, WTF.
Macron is the French version of Gavin Newsome.
I’m sorry that Abe is no longer running Japan. That look he was giving Merkel was exceptional – said it all.
I miss his spirit. He was a great friend to PT, a very rare commodity.
Bernard Arnault, LVMH at DJT Inaugural
The US Consumer still drives over 40% of the GDP Producing Activity, Globally. This fact is the real power behind President Trumps trade related policies.
The REAL Businessmen of the EU member nations have also invested $Billions in capital, inside the US to exploit that 40% and circumvent any reciprocal US Tariffs.
Economic Geniuses, like the leaders of France, Germany and UK, are asking real live businessmen to write of those investments.
Also, if President Trump is able to “capture deals” with the lesser economies while the EU and China resist … those real European Business Owners know they could be shut out of or have diminished shares in nearly 2/3 of the Global market Place.
I think Odie Cologney has run his course in the land of wine and cheese.
I love it. Companies with operations in the US just gave Macron the One Finger Salute. Welcome to the New World Order, pal. I am sure there is a white flag somewhere in your closet.
MAGA Fabulous about the tariffs!
Boo Hiss on the Crap Weasel lobbyists
Happenstance – supporting Biden and Kamala Harris; coincidence – partnering with Zelensky to undermine peace initiatives between Russia and the Ukraine; enemy action – orchestrating Le Pen’s arrest and disqualification from running for President.
Macron is France’s modern day Richelieu.
Macron, Macron….he’ll probably be the first in EU to ultimately default on his country’s sovereign debt, unless he first can pull of false flagging the start of WW3.
@Sundance
How many hours of the day do you sleep? Buddy, oh pal, the amount of content AND the narrative you write, is unbelievable at times.
I probably type 90+ words a minute, typing about as quicky as I think (and of course, correcting about 75 of those words each minute, too). I recall back in college that being assigned a 120 page research paper seemed like a death sentence. Then I joined the Navy and had to put out concisely written messages of substantial import (and visibility) in accord with a specific Navy written style, frequently done in just a few minutes before they were sent off the ship (WAY back before email and the internet). Then I worked in private industry, pushing out 100’s of page of in depth, detailed analysis, again, quickly and accurately. (The I got old, slow, and error prone, but that’s another story …. ).
Anyhow, I highly respect your productivity, research, logical analysis, and … little bits of “objective truth” that seem to leak out now and again. I disagree with you on occasion, but much appreciate your body of work.
Bravo-Zulu, and God bless.
/end rant
I love your “bravo-zulu” – I used to work for the Navy and heard that saying often.
That picture Sundance posted above (i.e. man in a suit with fingers crossed behind his back) reminds me of elected Republican lawmakers in our great state of Idaho. Certainly Senators Risch and Crapo, who have been two of fifteen of McConnell’s top RINO supporters, as well as our two House critters, Fulcher and the other, Boise guy. (In fact, Risch just sent me a personal email touting Trump’s endorsement, as if Risch himself were NOT “anti-MAGA” from beginning to end.)
In fact, it should be titled “Portrait of a Republican Congressman”.
(The Democrats like to your face, while smiling. The GOP just does the same, but behind your back. Example, two-faced Teddy Cruz, the guy who never found a tariff he didn’t like, as long as it’s by a foreign country against Americans.)
I’m surprised these business leaders don’t all begin some sort of an overthrow of Macron for No Confidence.
What Macron wanted them to do is flat out nutty..
Macron wants to drive his entire country down the drain because of his own personal issues with Trump Derangement Syndrome. Hopefully all these business leaders rise up and take a lead here in straightening things out now they hopefully get how bad it all is- and that it was almost just far worse had they not told Macron to go pound sand.
J’aime beaucoup de mixer Cointreau dans mes margaritas. Et alors, je me suis realiste, et d’acheter une grand bouteille ($39.99) au jour’hui dans le petit marcher historiquement Franco-Canadien (Vermettes). C’est un petit investissement contre le petit Napoleon qui conduire l’economie Francaise comme le Central Planner, Josef Stalin.
Translation:
I very much enjoy mixing Cointreau in my margaritas. And as such, I am a realist and today I bought a large bottle ($39.99) in the little historically French-Canadian supermarket (Vermettes). It’s a little investment against the little Napoleon who drives the French economy like the Central Planner, Josef Stalin.
Blue Cointreau is what I add to my margaritas ever since I had a big one with it in it at Las Hadas in Manzanillo, MX back in 1986. It really softens and smooths out the acidic nature of the drink.
As to Monsieur Macron,…. he’s just a puppet for the EU Globalist bankers now.
Will have to try a blue curacao sometime, DaPicayune!
As to Monsieur Macron, while he tries to make a big show of it, he possesses neither the stature, nor the stones to challenge President Trump.
Good idea..there’s a lot of French stuff I would buy if they remain reasonable. Hope with Arnault’s LV Corp in TX I will finally be able to afford a real Louis Vuitton bag one day.
Macron better wake up and smell the cafe au lait, he has no cards and his chips are extremely low.
What do you suppose will happen to all those MICHELIN-Star restaurants in France? Can the refugees afford them, or work in them?
Delusional Dhimmi Cartah signed his Foreign Corrupt Practices Act bill not to rid the world of corruption as usual in biz affairs but to hamstring American biz from competing in foreign markets when most of those markets preferred Made In USA design, engineering, quality production that is durable as well as, with advanced technology.
Most foreign govts underwrite their own nation’s biz efforts to secure and maintain biz contracts/developments.
Carter should have made foreign lobbying in WDC the bigger crime and punishment instead. His delusion reminds me of Kenny Loggins/Michael McDonald’ message in his What a Fool Believes, (He Sees,….. no wise man has the power to reason away!)
Ironically, they released this hit song when Carter signed this bill in 1979.
What a great line. Anyway, with regards to Maca-roon: Any Frenchman with a sense of purpose would ignore this buffoon. I’m glad to see the revolt among business leaders.
According to French media, quoting multiple corporate leaders and company directors throughout France [LINK], the leadership of France’s biggest companies told Macron to ‘get stuffed’ following the French president’s demand to divest their interests from America.
I kind of wish that they had agreed with Macron. I don’t trust any globalist intentioned companies, in whatever country they may be based.
Groomed at 14 by a she male, and a blithering idiot, that’s all you need to know about this pissant.
Bernard Arnault understands that Trump’s America is his finest customer. That little man with his large fortune and big ego, have told Macaroon (pun intended), to have another complementary case of Dior Eau Savage on the house. Because France will be bending a knee.
Twit actually thinks he is in charge of something.
I hope to be his customer some day. Have always appreciated fine leather goods and LV is the best around.
I agree. During the mid 80’s my work took me to Paris. I splurged on four pairs of leather shoes.
The only thing I’ve had to replace are the tips on the heels, and that was in 2001. Took them to an Italian shoe repair shop and he said, paraphrasing “you did not buy these shoes here and the fine shape they are in tells me that, also they have leather soles, not the rubber and plastic soles they use now”.
Unfortunately I am on a fixed income, and cannot afford the good leather products now. By the way, I am still wearing those shoes to church! Have a wonderful afternoon and week.
We speak the same language…purses and shoes are my guilty pleasure. Wish I had the budget for super quality but once in a while I’ll splurge on a good bag, or top notch pair of shoes.
When you consider you’ve had those French shoes all these years and still enjoy them, it was a worthwhile purchase.
The crap produced today is not even in the same ballpark.
Blessings back to you too today and always!
Criminalize lobbying. That is the root of the problem. Make it a federal crime with a 10 year mandatory stint in federal prison for lobbyist caught influence peddling. Any politician taking lobbying money also faces a 10 year mandatory federal sentence and their pension is forfeited and given back to the people’s treasury. The first few indictments and jail terms handed down will shut down K street and all the cockroaches will scurry for the hills.
The absolute best thing President Trump could do for our country is totally eliminate lobbying.
The French picture themselves as progressive, debonair playboys. That’s why they like Macron. The Germans hate them because they all sound like pussies. The British hate them because the French think they’re more elite than the British. And Americans hate them because ya can’t tell the French men from the women.
All Macron needs to do is drop French/EU tariffs on their products and go reciprocal with the US.
There does not need to be a complete removal or boycott of French stuff, because I do like some of their products and not all French deserve bashing.
Marine LePen supporters understand the situation and we should sppport those patriots, but obviously not at our own monetary detriment.
After all, the French did assist us during the American Revolution, so there’s a bit of a soft spot there.
At the end of the day, both countries can have a taste of each other’s cultural products and then the businesses on both sides of the pond can thrive. Stop punishing the US with trade barriers and tariffs.