France’s Macron says Europe needs to be less dependent on China, U.S.

A family watch French President Emmanuel Macron during a televised address to the nation, as the country eases lockdown measures taken to curb the spread of the coronavirus disease (COVID-19), in Paris, France, June 14, 2020. REUTERS/Benoit Tessier

PARIS (Reuters) – French President Emmanuel Macron said on Sunday he would work to build a Europe that was less dependent on China and the United States, as France gradually emerges from an eight-week lockdown.

The coronavirus crisis has exposed how reliant France and the rest of Europe is on supply chains with China and elsewhere.

“This ordeal has exposed flaws and fragilities: our dependence to other continents to get our hands on some goods,” the president said in a televised address to the nation. “I want us to draw all the lessons from what we have learned.”

Reporting by Sudip Kar-Gupta, Michel Rose; Writing by Matthias Blamont; Editing by Edmund Blair

Originally published on Reuters

S&P 500 
$3,185.04  1.05%  
$10,836.33  0.76%  
Dow Jones Industrial Average 
$26,075.30  1.44%  
Apple Inc. 
$383.68  0.25%  
Alphabet Inc. 
$1,541.74  2.04%  
188,28 €  0.34%  
Tesla, Inc. 
$1,544.65  10.78%  
Berkshire Hathaway Inc. 
$273,900.00  1.90%  
AbbVie Inc. 
$96.83  -1.13%  
Costco Wholesale Corporation 
$326.23  0.21%  
Smartsheet Inc. 
$51.42  -2.76%  
Zai Lab Limited 
$86.97  -2.81%  
Western Digital Corporation 
$42.31  -0.02%  
NVIDIA Corporation 
$419.17  -0.28%  
Gold Aug 20 
$1,804.80  0.16%  
Crude Oil Aug 20 
$40.28  -0.67%  
$9,274.07  -0.03%  
Bitcoin Cash USD 
$236.40  -0.29%  
$44.59  -0.10%  
$241.84  -0.12%  
Dogecoin USD 
$0.0036  -0.95%