Fri May 23 04:29:24 UTC 2025: **Headline: Macron Presses Xi on Fair Competition Amid Trade Tensions**
**Paris, May 23, 2025** – French President Emmanuel Macron has told Chinese President Xi Jinping that fair competition is essential for companies from both nations. The statement, delivered via X after a phone call between the leaders, comes amid escalating trade tensions between the European Union and China.
Macron emphasized that Chinese investment is welcomed in France, but stressed that French companies must experience reciprocal fairness in China. He specifically highlighted the issue of cognac exports, a crucial market for French producers currently impacted by Chinese duties, and expressed hope for a swift resolution.
The trade friction stems from the EU’s imposition of tariffs on Chinese electric vehicles, citing concerns about unfair state subsidies that undercut European automakers. China retaliated by levying duties on European brandy exports. Macron indicated they agreed to accelerate discussions to resolve the cognac trade issue. The tariffs are reportedly costing the cognac industry 50 million euros monthly.
The call follows a visit to France last week by Chinese Vice Premier He Lifeng, who also urged for a more equitable and predictable business environment. The EU investigation into Chinese electric vehicle subsidies continues to be a point of contention, highlighting the complex economic relationship between Europe and China.
First Piper 