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French President Emmanuel Macron warned at the World Economic Forum in Davos that the global order is facing serious challenges. “We’re shifting to a world without rules. Imperial ambitions are resurfacing,” Macron said, highlighting the dangers of using tariffs and economic pressure as leverage against national sovereignty.
Macron’s remarks underscore growing concerns over protectionism, rising geopolitical tensions, and the erosion of international norms, emphasizing the need for global cooperation to maintain stability and peace.
Emmanuel Macron, Davos 2026, World Economic Forum, global order, international trade, tariffs, sovereignty, protectionism, geopolitics, EU leaders, economic leverage, France, global stability, international news, APT news
#EmmanuelMacron #Davos #WEF #GlobalOrder #Tariffs #Sovereignty #Geopolitics #Protectionism #InternationalNews #APT
https://www.youtube.com/channel/UCpLEtz3H0jSfEneSdf1YKnw/join
French President Emmanuel Macron warned at the World Economic Forum in Davos that the global order is facing serious challenges. “We’re shifting to a world without rules. Imperial ambitions are resurfacing,” Macron said, highlighting the dangers of using tariffs and economic pressure as leverage against national sovereignty.
Macron’s remarks underscore growing concerns over protectionism, rising geopolitical tensions, and the erosion of international norms, emphasizing the need for global cooperation to maintain stability and peace.
Emmanuel Macron, Davos 2026, World Economic Forum, global order, international trade, tariffs, sovereignty, protectionism, geopolitics, EU leaders, economic leverage, France, global stability, international news, APT news
#EmmanuelMacron #Davos #WEF #GlobalOrder #Tariffs #Sovereignty #Geopolitics #Protectionism #InternationalNews #APT
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NewsTranscript
00:00Long ago, it was still an open question whether competitiveness would truly sit at the center of France's economic vision.
00:10I think that question has been answered, and President Emmanuel Macron has been the key man driving that shift and answering that question.
00:22In fact, you can make an argument that no French leader has led his country at a more pivotal time since World War II.
00:33From the onset, President Macron has argued that France must strengthen itself.
00:42It must strengthen its defense.
00:44It must renew itself in its capacity to innovate, but also, importantly, and maybe more importantly today than ever before, and remain engaged in the world.
01:00That prospectus has defined his presidency and is one that is helping to shape the conversation, the needed conversation, about Europe's future.
01:11Ladies and gentlemen, please join me in welcoming the President of the French Republic, Emmanuel Macron.
01:19Thank you very much, Lai, for your words.
01:37Your Majesties, distinguished heads of states and governments, President Lagarde, ministers, ambassadors, business leaders, ladies and gentlemen.
01:51I'm extremely happy to be here, and it's great to be here, as the French Times would say.
02:01And it's a time of peace, stability, and predictability.
02:09So let's try to address the key challenge of this world in a few minutes' time.
02:19But it's clear that we are reaching a time of instability, of unbalances, both from the security and defense point of view and the economic point of view.
02:29Look at the situation where we are.
02:32I mean, a shift towards autocracy against democracy, more violence, more than 60 wars in 2024, an absolute record, even if I understood a few of them were fixed.
02:44And conflict has become normalized, hybrid, expanding into new demands, space, digital information, cyber trade, and so on.
02:54It's as well as a shift towards a world without rules, where international law is trampled underfoot, and where the only law that seems to matter is that of the strongest, and imperial ambitions are resurfacing.
03:15Obviously, the Russian war of aggression against Ukraine, which will enter into its fourth year next month, and conflicts continue in the Middle East and across Africa.
03:30This is as well as a shift towards a world without effective collective governance, and where multilateralism is weakened by powers that obstruct it or turn away from it, and rules are undermined.
03:44And I can multiply the examples of international bodies weakened or left by the key economies.
03:54And when we look at the situation, it's clearly a very concerning time.
04:00Because we are killing the structure where we can fix the situation and the common challenges we have.
04:06Without collective governance, cooperation gives way to relentless competition.
04:10Competition from the United States of America, through trade agreements that undermine our export interests, demand maximum concessions,
04:19and openly aim to weaken and subordinate Europe, combined with an endless accumulation of new tariffs that are fundamentally unacceptable.
04:30Even more so when they are used as a leverage against territorial sovereignty.
04:36And competition from China, where massive excess capacities are distortive practices,
04:41threatened to overwhelm anti-industrial and commercial sectors.
04:46Export control has become more dangerous new tools,
04:49destabilizing global trades and the international system.
04:52And the answer, in order to fix this issue, is more cooperation and building new approaches.
05:03And it's clearly building more economic sovereignty and strategic economy, especially for the Europeans,
05:10which is for me the core answer.
05:11In this context, I want to exclude two approaches.
05:17The first approach would be to, I would say, to passively accept the law of the strongest.
05:25Leading to vassalization and block politics.
05:28I think accepting a sort of new colonial approach doesn't make sense.
05:36And all the head of state and government and business leaders, which would be too complacent with such an approach,
05:40will take a huge responsibility.
05:43The second would be to adopt a purely moral posture, limiting ourselves to commentary.
05:48That path would condemn us to marginalization and powerlessness.
05:56Faced with the brutalization of the world, France and Europe must defend an effective multilateralism,
06:03because it serves our interests and those of all who refuse to submit to the rule of force.
06:09And for me, the two answers are, on one side, more sovereignty and more autonomy for the Europeans.
06:18On the other side, an efficient multilateralism to deliver results through cooperation.
06:27Obviously, France and Europe are attached to national sovereignty and independence,
06:31to the United Nations and to its charter.
06:34And it's not an old-fashioned way to live multilateralism.
06:40It's just not to totally forget what we learned from the Second World War
06:46and remain committed to cooperation.
06:50And this is also because of those principles that we have decided to join the mutual exercise in Greenland
06:55without threatening anyone, but just supporting an ally and another European country, Denmark.
07:04Facing this order and this new situation,
07:10this year, France holds the G7 presidency with a clear ambition,
07:15to restore the G7 as a forum for frank dialogue among major economies
07:20and for collective and cooperative solutions.
07:25Trade wars, protectionist escalation, races towards overproduction will only produce losers.
07:31This is why addressing global economic imbalances is our key priority.
07:37And if we look at the situation, the current imbalances are due to some key phenomena
07:44and we all have to deliver our own agenda.
07:47This includes American overconsumption, Chinese underconsumption and overinvestment,
07:54and European underinvestment and lack of competitiveness.
07:59And these imbalances are also reflected in development gaps, by the way.
08:05And we can no longer settle for aid that neither delivers sufficient results
08:09nor enables countries to escape poverty.
08:11So our objective through the G7 is to demonstrate that the world's major powers
08:18are still capable of reaching a shared diagnosis of the global economy
08:22and committing to concrete actions.
08:26Cooperating is not about blaming others.
08:30It is about assuming one's share of responsibility and contributing to solutions.
08:36So the objective of this G7 will be to build this framework of cooperation
08:41in order to fix the roots of these imbalances
08:46and restore efficient convergence and cooperation through multilateral frameworks.
08:52And the other objective is as well to build bridges and more cooperation
08:57with the emerging countries, the BRICS and the G20,
09:01because the fragmentation of this world would not make sense.
09:04Here, this point is for, I would say, the global agenda
09:08and how we'll see our G7 agenda.
09:11On the other side, we have the European answer.
09:14And for me, Europe clearly has to fix its key issues,
09:18the lack of growth, the lack of GDP per capita growth,
09:24and the three pillars of our strategy in order to deliver more sovereignty,
09:29more efficiency and more growth would be based on protection,
09:32simplification and investment.
09:35Because the diagnosis is well known,
09:37European competitiveness still lacks behind that of the US,
09:41and in the current global order,
09:42facing precisely the Chinese approach, we have to react.
09:48So first, protection.
09:49Protection doesn't mean protectionism.
09:52But today's Europeans are too naive.
09:55This is the unique market open to everybody
09:58without checking global playing fields.
10:02Nobody can access the Chinese markets
10:04as people are accessing the European market for sure.
10:09But even if you take the US and a lot of other countries,
10:14the level of protection does exist for investment and trade.
10:19And the Europeans are the only ones not to protect their own companies
10:24and their own markets
10:25when the other countries doesn't respect the level playing field.
10:29This is why we have to be much more realistic
10:32if we want to protect our chemical industry,
10:37our industry from the automotive sectors to a lot of others,
10:42because they are being literally killed
10:44by the lack of respect of a normal framework
10:48and a level playing field.
10:51Europe has very strong tools now,
10:54and we have to use them when we are not respected,
10:57and when the rules of the game are not respected, by the way.
11:01The anti-coercion mechanism is a powerful instrument,
11:04and we should not hesitate to deploy it
11:06in today's tough environment.
11:07We must also advance the principle of European preference.
11:12There is a North American preference in your market.
11:17There is no European preference today.
11:20We are progressively creating it,
11:22and in the latest documents and decisions taken by the decisions,
11:26we do have the first examples of that,
11:29but this is extremely good.
11:30And we are currently aligning closely with Germany
11:33to deliver an ambitious and simple framework.
11:35And this is a decisive project,
11:38and I count on the European Commission
11:39to present a proposal as well by early 2026
11:43with the highest possible level of ambition
11:46in order to deliver,
11:48I would say, across the different sectors,
11:52the principle of European preference.
11:55This is a necessity.
11:56We must act on imports as well
11:59regarding this protection issue.
12:00And in the context of escalating trade tensions
12:03and Asian overcapacities,
12:06Europe must strengthen its trade defense instruments,
12:09including mirror measures to enforce regulatory standards,
12:13and we must improve the quality and added value
12:16of foreign direct investments,
12:19targeting projects with strong export potential.
12:22And this is core for the rebalancing with China.
12:24China is welcome.
12:26But what we need is more Chinese foreign direct investments in Europe,
12:31in some key sectors to contribute to our growth,
12:34to transfer some technologies,
12:37and not just to export towards Europe
12:39some devices or producers or products
12:42which sometimes don't have the same standards
12:46or are much more subsidized
12:48as the ones being produced in Europe.
12:50It's not being protectionist.
12:53It's just restoring this level playing field
12:57and protecting our industry.
13:00So from several safeguard clauses
13:02to my work clauses
13:04to European preferences
13:06and incentives for more FDIs,
13:10this strategy is absolutely key.
13:13And in parallel,
13:14protecting our economies
13:15will also require a resilient strategy
13:18on both imports and exports
13:20to de-risk supply chains,
13:22particularly for raw materials,
13:24rare earths,
13:26semiconductors, chips,
13:27and to diversify our trade partners.
13:31The second pillar of the European economy
13:33and the European strategy
13:35should be simplification.
13:39And when I speak about simplification,
13:41we started with CSRD, CSDDD,
13:44and we have to do much more on different sectors
13:46and we did it during the past few weeks
13:49on automotive,
13:50and we have to do it on chemical,
13:52digital, AI, banking, and so on.
13:55And the core of this simplification
13:57is sometimes to get rid of some recent regulations
14:00when they desynchronize in a certain way
14:03the European Union in comparison
14:05with the rest of the world.
14:07But we have as well to accelerate
14:10the deepening of the single market.
14:12On all these sectors,
14:15the 450 millions inhabitants
14:17and consumers markets
14:20should be the domestic market
14:21of all the EU companies.
14:24It's not yet the case
14:25as long as you have complexities.
14:29In doing so,
14:30we must ensure respect
14:31technological neutrality
14:33and non-discrimination
14:35within the European Union.
14:36This is another pillar,
14:38another point of simplification.
14:40Neutral approach in terms of technology
14:45and non-discrimination.
14:48We discriminate during such a long time
14:51between the different sources of energies.
14:53It's counterproductive for the Europeans themselves.
14:57Companies have a role to play
14:59and we must act
15:01and you must act
15:02and clearly
15:04you must help identify
15:07and concretely help us
15:10to simplify where it is needed.
15:12But for me,
15:13this agenda of simplification
15:14is not a matter of discussion,
15:16but just implementation,
15:18speed and scale.
15:19The third pillar of the European strategy
15:23for more competitiveness
15:24and more autonomy
15:27is based on investment and innovation.
15:31We have to invest much more.
15:33If there is a GDP per capita
15:35so different between the US and Europe,
15:3965% to 70% of the explanation
15:42is due to the difference
15:44in terms of innovation.
15:45And the US was much more innovative
15:48because of public and private investments.
15:51So in our budget for the months to come,
15:53because we will negotiate
15:54during the years,
15:55this year in Europe,
15:57we have to invest much more money
15:58in the critical sectors
16:00where the innovation will be made,
16:02AI,
16:03quantic,
16:04green tech,
16:05but that will defend
16:05investments and security.
16:07The size of our common budget
16:08is not the right one.
16:10We have to invest much more money
16:11in order to be much more credible
16:13and accelerate this innovation agenda.
16:16But at the same time,
16:17if you look at the situation,
16:19we don't have sufficient private investment.
16:23And this is one of the main differences.
16:25We do have the savings as the Europeans,
16:29much more than the US, by the way.
16:30But the savings is over-invested
16:33in bonds
16:36and sometimes in equities,
16:39but outside Europe.
16:41So this is why
16:41the top priority should be
16:43securitization program.
16:45It is prepared.
16:46We have to accelerate the implementation.
16:49And second,
16:50capital market union.
16:53Precisely in order to have
16:54more integration
16:55and simplification,
16:57but to have an efficient capital market
17:00union in order to invest
17:03much more money
17:04and use our savings
17:05to be invested
17:05on innovation
17:06and equity in Europe.
17:10This agenda for me
17:12is our top priority,
17:13both the global
17:14and the European one.
17:16And it is to be implemented
17:17in the months to come
17:19because everything
17:20is about acceleration.
17:23And France is committed
17:24to deliver this agenda.
17:25We work very closely
17:26with our key partner.
17:28And at the same time,
17:29our objective
17:30for France
17:31is to stabilize
17:32our results
17:34and our macro approach
17:37and to remain
17:38the highly attractive country
17:40we are.
17:41We've been
17:41the most attractive country
17:43of Europe
17:43during the past six years
17:45and to consolidate
17:46our deep structural reforms
17:49and our key advantage.
17:50And on top of the business framework
17:54we have,
17:55I want here to insist
17:56on the fact that
17:57we have a competitive,
17:58stable, low-carbon
17:59electricity supply.
18:01We exported last year
18:0390 terawatt hour
18:04of electricity
18:05and a low-carbon one
18:06based on our nuclear model.
18:08We have world-class innovation
18:10and research capabilities
18:11and we will improve them.
18:13And we have one
18:14of the most vivid
18:16and active ecosystem
18:17in AI, quantum computing,
18:20energy transition,
18:21et cetera, et cetera.
18:22And a lot of the startups
18:23and unicorns
18:26and large caps
18:27of these sectors
18:28are with me
18:28in my delegation today.
18:30And on top of that,
18:32let me insist
18:33and I will stop here
18:34on the fact
18:35that we have
18:35a high-quality infrastructure
18:37and large markets
18:39with strong purchasing power
18:41and we have a place
18:45where rule of law
18:47and predictability
18:48is still the rule of the game.
18:52And my guess
18:53is that it is largely
18:55underpriced by the market.
18:58And beyond what you can do
19:00in terms of investment,
19:01what you can do
19:02in terms of strong ambitions,
19:06having a place like Europe,
19:08which sometimes
19:08is too slow,
19:10for sure,
19:11and needs to be reformed,
19:13for sure,
19:15but which is predictable,
19:18loyal,
19:19and where you know
19:21that the rule of the game
19:22is just the rule of law,
19:26it's a good place.
19:28And I think
19:29this is a good place
19:31for today
19:32and for tomorrow.
19:34So,
19:35we will be committed
19:36during 2026
19:37to try to deliver
19:39this global agenda
19:40in order to fix
19:42global imbalances
19:43through more corporations
19:44and we will do our best
19:47in order to have
19:47a stronger Europe,
19:50much stronger
19:50and more autonomous
19:52based on the pillars
19:55I just mentioned
19:56and based as well,
19:58and we can revert
19:59in the dialogue,
20:00but on more investment
20:01and commitments
20:02on defense and security
20:03because we have to invest
20:05much more
20:05and invest much more
20:06because we do believe,
20:08and here
20:10in the epicenter
20:11of this continent,
20:12we do believe
20:13that we need more growth,
20:15we need more stability
20:16in this world,
20:17but we do prefer
20:19respect to bullies,
20:21we do prefer science
20:22to plotism,
20:23and we do prefer
20:24rule of law
20:25to brutality.
20:26You're welcome in Europe
20:27and you are more than welcome
20:29to France.
20:31Applause
20:31Applause
20:32Applause
20:32Applause
20:34Applause
20:36Applause
20:37What I'd really like to ask you
20:46is how has your last few days been?
20:48That's too much.
20:48Importantly, though,
20:52you framed out a
20:55of the way.
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