The Fort Worth Press - Biden, Macron pledge 'unwavering' alliance, but trade dispute looms

USD -
AED 3.672504
AFN 65.000368
ALL 81.431326
AMD 361.239406
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.452222
AWG 1.8
AZN 1.70397
BAM 1.754002
BBD 2.018116
BDT 124.801578
BGN 1.747831
BHD 0.378548
BIF 2997.982153
BMD 1
BND 1.283978
BOB 12.019192
BRL 5.504904
BSD 1.002018
BTN 94.051388
BWP 13.802968
BYN 3.000673
BYR 19600
BZD 2.015246
CAD 1.41125
CDF 2320.000362
CHF 0.819824
CLF 0.024951
CLP 981.982871
CNY 6.676504
CNH 6.670804
COP 3236.357114
CRC 454.419084
CUC 1
CUP 24.048249
CVE 98.887942
CZK 21.83445
DJF 178.43146
DKK 6.708504
DOP 60.885162
DZD 136.261154
EGP 53.769786
ERN 15
ETB 164.454778
EUR 0.896804
FJD 2.265604
FKP 0.748808
GBP 0.748083
GEL 2.59504
GGP 0.748808
GHS 11.707995
GIP 0.748808
GMD 74.503851
GNF 8874.938344
GTQ 7.657056
GYD 210.062329
HKD 7.84204
HNL 26.930631
HRK 6.76901
HTG 131.321465
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.748808
INR 93.910504
IQD 1519.035021
IRR 1891353.000352
ISK 122.790386
JEP 0.748808
JMD 159.024259
JOD 0.70904
JPY 158.47504
KES 130.209408
KGS 87.447804
KHR 4082.328147
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.83512
KZT 449.127842
LAK 22542.486884
LBP 89728.711717
LKR 333.213757
LRD 170.342137
LSL 16.570826
LTL 2.95274
LVL 0.60489
LYD 6.412269
MAD 9.794718
MDL 17.910408
MGA 4553.159051
MKD 55.203803
MMK 2099.945107
MNT 3601.130253
MOP 8.088606
MRU 40.453791
MUR 47.030378
MVR 15.403739
MWK 1737.500561
MXN 18.62354
MYR 4.061504
MZN 63.903729
NAD 16.570826
NGN 1347.210377
NIO 36.87727
NOK 9.459904
NPR 150.482041
NZD 1.807175
OMR 0.384144
PAB 1.002108
PEN 3.451773
PGK 4.566611
PHP 63.108038
PKR 277.126855
PLN 3.94555
PYG 6263.39626
QAR 3.662795
RON 4.792204
RSD 105.484059
RUB 81.925564
RWF 1478.947132
SAR 3.756342
SBD 8.048583
SCR 13.773553
SDG 601.503676
SEK 9.894504
SGD 1.282704
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 572.620062
SRD 37.583504
STD 20697.981008
STN 21.972109
SVC 8.76732
SYP 13001.999685
SZL 16.565176
THB 33.550369
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.141304
TTD 6.795211
TWD 32.775304
TZS 2647.773642
UAH 45.39348
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316404
VND 25582.5
VUV 118.73125
WST 2.787825
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 588.264929
XPF 106.954845
YER 236.625037
ZAR 16.51943
ZMK 9001.203584
ZMW 20.360522
ZWL 321.999592
SSP 5745.232324
MXV 2.095222
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Biden, Macron pledge 'unwavering' alliance, but trade dispute looms
Biden, Macron pledge 'unwavering' alliance, but trade dispute looms / Photo: © AFP

Biden, Macron pledge 'unwavering' alliance, but trade dispute looms

President Joe Biden greeted President Emmanuel Macron at the White House on Thursday with full-scale military honors and a pledge to uphold the "unwavering" US-French alliance ahead of talks on Ukraine, China and a looming trade dispute.

Text size:

Service members from the marines, army, air force and even a detachment of soldiers in 18th century Revolutionary War garb paraded in front of the White House. Artillery fired off a 21-gun salute, sending puffs of white smoke into the clear, chilly December sky.

Standing on a red-carpeted podium with Macron, Biden said "France is our oldest ally, our unwavering partner in freedom’s cause."

Like Biden, Macron noted that the two countries had stood side by side through many wars. Referring to the Western alliance helping Ukraine to confront the Russian invasion, Macron said "we need to become brothers in arms once more."

The two presidents then met in the Oval Office for discussions on Ukraine, handling the rise of China and European fears that Biden's economic policies will lead to a trade war.

Biden and Macron were then to give a joint press conference before winding up the day with a lavish dinner featuring French favorites of wine and cheese -- but in both cases American-made.

- Subsidies dispute -

The visit symbolizes how Washington and Paris have buried last year's bitter spat over the way Australia pulled out of a French submarine deal in favor of acquiring US nuclear subs instead.

However, Macron has made clear, in unusually blunt language, that he is not just in Washington for the niceties.

On his first day of the visit Wednesday, when he toured NASA headquarters, Arlington National Cemetery and met US lawmakers, the French leader surprised his hosts with a bitter attack on Biden's signature policy to boost the US green economy, saying it would "kill" European jobs.

On Thursday, right before arriving at the White House, he repeated his criticism in an ABC television interview where he said Biden's policy would remove "a level playing field."

The legislation, called the Inflation Reduction Act or IRA, is set to pour billions of dollars into environmentally friendly industries, with strong backing for US-based manufacturers. The White House touts the IRA as a groundbreaking effort to reignite US manufacturing and promote renewable technologies.

However, European Union governments are crying foul, threatening to launch a trade war by subsidizing their own green economy sector.

"The consequence of the IRA is that you will perhaps fix your issue but you will increase my problem. I'm sorry to be so straightforward," Macron said on Wednesday, warning Biden could "split the West."

The White House responded by insisting that European companies have nothing to fear from the IRA.

US advances in the clean energy economy will help Europeans too, White House Press Secretary Karine Jean-Pierre said. The IRA "presents significant opportunities for European firms as well as benefits to EU energy security. This is not a zero-sum game."

- Menu and music -

Aside from the trade dispute fireworks, most of the visit revolves around kindling the long, if often slightly prickly US-French diplomatic friendship.

On Wednesday evening, Macron and his wife Brigitte joined Biden and First Lady Jill Biden at an upscale Washington Italian restaurant.

The state dinner at the White House will return grand-scale entertainment to Washington in a way not seen since the Covid-19 pandemic shut down the capital's typically busy schmoozing scene.

Grammy-award-winning American musician Jon Batiste will perform at the banquet, which the White House said will kick off with butter-poached Maine lobster, paired with caviar, delicata squash raviolo and tarragon sauce.

The main course features beef and triple-cooked butter potatoes, before leading to the cheese course of award-winning US brands, and finally orange chiffon cake, roasted pears with citrus sauce and creme fraiche ice cream.

Washing all that down will be three different wines -- all from US vineyards.

- China high on agenda -

Trade tensions, however, are only part of the uncomfortable flip side to the red carpet occasion.

Another gripe in Europe is the high cost of US liquid natural gas exports -- which have surged to help compensate for canceled Russian deliveries.

There is also divergence on how to deal with the rise of superpower China. The question -- with Washington pursuing a more hawkish tone and EU powers trying to find a middle ground -- is unlikely to see much progress.

"Europe has since 2018 its own, unique strategy for relations with China," tweeted French embassy spokesman Pascal Confavreux in Washington.

White House National Security Council spokesman John Kirby said China will be "very high on the agenda" this week but stressed that both countries share a broad approach.

"We believe that not only France, but every other member of the G7 -- frankly, our NATO allies too -- see the threats and challenges posed by China in the same way."

F.Carrillo--TFWP