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Saturday, October 16, 2021

Clear Differences Remain Between France and U.S., French Minister Says - The New York Times

Last updated Monday, October 11, 2021 15:37 ET , Source: TopWireNews

PARIS — As global finance leaders gather this week in Washington for the annual meetings of the International Monetary Fund, Bruno Le Maire, the finance minister of France, made clear that effective French-American cooperation on an overhaul of the international tax system could not mask stark differences on China and other issues.
“The United States wants to confront China. The European Union wants to engage China,” Mr. Le Maire, a close ally of President Emmanuel Macron of France, said in a wide-ranging interview ahead of the meetings. This was natural, he added, because the United States is the world’s leading power and does not “want China to become in a few years or in a few decades the first superpower in the world.”
Europe’s strategic priority, by contrast, is independence, “which means to be able to build more capacities on defense, to defend its own view on the fight against climate change, to defend its own economic interest, to have access to key technologies and not be too dependent on American technologies,” he said.
His remarks reflected unresolved tensions that came to the surface last month in a furious disagreement between France and the United States over President Biden’s decision to provide nuclear-powered submarines to Australia. The deal replaced an earlier French contract to sell Australia conventional submarines. Mr. Macron was not informed of Australia’s plans until the last minute.
“Clearly there has been at least an important misunderstanding...



Read Full Story: https://www.nytimes.com/2021/10/11/world/europe/france-us-differences-bruno-le-maire.html

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