The China Mail - Macron kicks off US state visit, with trade dispute looming

USD -
AED 3.672504
AFN 64.503991
ALL 81.046102
AMD 360.780113
ANG 1.789785
AOA 917.000367
ARS 1523.143125
AUD 1.433486
AWG 1.8025
AZN 1.70397
BAM 1.745704
BBD 2.012675
BDT 123.586379
BGN 1.747831
BHD 0.377114
BIF 2995.403222
BMD 1
BND 1.277279
BOB 11.766859
BRL 4.965204
BSD 0.999331
BTN 94.818583
BWP 13.766234
BYN 2.934172
BYR 19600
BZD 2.009729
CAD 1.40025
CDF 2316.000362
CHF 0.825078
CLF 0.025064
CLP 986.459589
CNY 6.67805
CNH 6.670604
COP 3171.419646
CRC 456.018209
CUC 1
CUP 23.982684
CVE 98.420137
CZK 21.719504
DJF 177.944392
DKK 6.67165
DOP 61.293346
DZD 134.335699
EGP 55.079216
ERN 15
ETB 162.538225
EUR 0.89267
FJD 2.237204
FKP 0.74764
GBP 0.747692
GEL 2.590391
GGP 0.74764
GHS 11.586558
GIP 0.74764
GMD 74.000355
GNF 8843.664926
GTQ 7.638684
GYD 209.291739
HKD 7.84235
HNL 26.828223
HRK 6.728204
HTG 130.968001
HUF 327.370388
IDR 18093.85
ILS 3.10555
IMP 0.74764
INR 94.945504
IQD 1514.883742
IRR 1832375.000352
ISK 121.780386
JEP 0.74764
JMD 158.593297
JOD 0.70904
JPY 156.860385
KES 129.754095
KGS 87.448604
KHR 4082.652742
KMF 439.503794
KPW 899.999961
KRW 1323.525039
KWD 0.31069
KYD 0.832775
KZT 453.715357
LAK 22486.722899
LBP 89486.053465
LKR 331.81595
LRD 170.375329
LSL 16.556076
LTL 2.95274
LVL 0.60489
LYD 6.399786
MAD 9.815504
MDL 18.037221
MGA 4519.123488
MKD 54.987281
MMK 2100.187629
MNT 3599.924651
MOP 8.073191
MRU 39.936627
MUR 47.160378
MVR 15.460378
MWK 1732.762083
MXN 18.668404
MYR 4.085304
MZN 63.903729
NAD 16.556076
NGN 1332.060377
NIO 36.774222
NOK 9.35739
NPR 151.709734
NZD 1.750854
OMR 0.38297
PAB 0.999241
PEN 3.431874
PGK 4.475387
PHP 63.618038
PKR 276.527424
PLN 3.92999
PYG 5779.443924
QAR 3.642612
RON 4.779804
RSD 104.87794
RUB 81.617352
RWF 1476.413621
SAR 3.753249
SBD 8.07458
SCR 13.982238
SDG 601.503676
SEK 9.931804
SGD 1.276904
SHP 0.7473
SLE 22.950371
SLL 20969.504398
SOS 571.07154
SRD 37.649504
STD 20697.981008
STN 21.868166
SVC 8.743696
SYP 13001.999685
SZL 16.555541
THB 33.770369
TJS 9.208462
TMT 3.51
TND 2.983978
TOP 2.40776
TRY 49.703804
TTD 6.789842
TWD 32.585804
TZS 2645.601821
UAH 45.239791
UGX 4402.195742
UYU 40.076762
UZS 11958.762887
VES 879.788904
VND 25842.5
VUV 119.07444
WST 2.767685
XAF 585.553409
XAG 0.018551
XAU 0.000250266221
XCD 2.70255
XCG 1.800955
XDR 0.707052
XOF 585.553409
XPF 106.448878
YER 236.103589
ZAR 16.57373
ZMK 9001.203584
ZMW 20.091043
ZWL 321.999592
SSP 5745.690365
MXV 2.106972
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Macron kicks off US state visit, with trade dispute looming
Macron kicks off US state visit, with trade dispute looming / Photo: © AFP

Macron kicks off US state visit, with trade dispute looming

French President Emmanuel Macron was set to meet President Joe Biden on Wednesday, at the start of a state visit highlighting the countries' strategic ties but also fears of a transatlantic trade war.

Text size:

Macron and his wife Brigitte arrived late Tuesday for a two-day stay in Washington, before finishing up Friday with a trip to the once-French city of New Orleans in Louisiana.

Largely due to Covid disruptions, this is the first formal state visit to the White House during the Biden presidency. US officials said the choice of France for the honor reflects their historic links and also the crucial role played by Paris, within the European Union, in the alliance confronting Russia over Ukraine.

All the stops are being pulled out for Macron, starting Wednesday with him visiting Arlington National Cemetery, then discussing space cooperation with Vice President Kamala Harris at NASA headquarters in Washington. The first day will round off with a private dinner for Biden, Macron and their wives.

The core of the visit will be Thursday, including a White House military honor guard, Oval Office talks, a joint press conference and a banquet where Grammy-award-winning American musician Jon Batiste will perform.

Compared to Macron's edgy experience as the guest of Donald Trump in 2018, this trip will be a carefully choreographed display of transatlantic friendship.

The diplomatic furor that erupted last year when Australia canceled a deal for French submarines and instead signed up for US nuclear submarines is now buried.

- Trade war? -

But tensions are rising over trade as Europeans nervously watch the rollout of Biden's signature green industry policy -- the Inflation Reduction Act, or IRA.

This is set to pump billions of dollars into climate-friendly technologies, with strong backing for American-made products. A similar effort is being put into microchip manufacturing.

Europeans fear an unfair US advantage in the sectors just as they are reeling from the economic consequences of the Ukraine war and Western attempts to end reliance on Russian energy supplies.

Talk in Europe is now increasingly on whether the bloc should respond with its own subsidies and championing of homegrown products, effectively starting a trade war.

Another gripe in Europe is the high cost of US liquid natural gas exports -- which have surged to try and replace canceled Russian deliveries.

White House National Security Council spokesman John Kirby struck a cautious note, telling French reporters that "right now we're in the mode of listening and making sure we understand concerns by our European partners."

Kirby went out of his way to praise Macron, referring to his "experience and wisdom."

- Strategizing on China, Ukraine -

The breadth of Macron's entourage -- including the foreign, defense and finance ministers, as well as business leaders and astronauts -- illustrates the importance Paris has put on the visit.

At the White House, however, a senior official said the main goal is to nurture the "personal relationship, the alliance relationship" with France -- and between Biden and Macron.

That more modest-sounding goal will include improving coordination on helping Ukraine to repel Russia and the even more vexing question of how to manage the rise of the Chinese superpower.

"We are not allies on the same page," one adviser to Macron told AFP, forecasting "challenging" talks with Biden.

Despite his strong support for Kyiv, Macron's insistence on continuing to maintain dialogue with Russian President Vladimir Putin has irked American diplomats.

The China question -- with Washington pursuing a more hawkish tone and EU powers trying to find a middle ground -- is unlikely to see much progress.

A senior US official said even if their approaches to China were "not identical," they should be at least "speaking from a common script."

K.Lam--ThChM