French President Emmanuel Macron delivers a speech on environment and social equality to business leaders on the eve of the G7 summit in Paris, France August 23, 2019. Michel Spingler/Pool via REUTERS
August 24, 2019
BIARRITZ, France (Reuters) – French President Emmanuel Macron said on Saturday Europe will “probably” decide to launch new tax cuts to kick-start a flagging economy threatened by a tit-for-tat trade war between the United States and its global partners.
“When I look at Europe especially, we need some new tools to relaunch our economy,” Macron told U.S. President Donald Trump before a working lunch in Biarritz where G7 leaders are gathering for the weekend.
“We will probably decide to have new tax cuts, which is one of these ways to relaunch … (in coordination),” he added, without elaborating.
Macron’s office did not immediately return a request for comment.
(Reporting by Michel Rose; Editing by Leigh Thomas)
