MNI (London): US President Joe Biden and French President Emmanuel Macron are now delivering a joint press conference after a bilateral meeting at the White House.

  • Livestream: https://www.whitehouse.gov/live/
  • Biden and Macron have a strong working relationship but recent friction over the US Inflation Reduction Act and LNG prices has created tension between the US and the EU.
  • According to a White House readout, "The Presidents intend to expand defense cooperation on advanced capabilities and key technologies..."
    • "They reaffirm their nations’ continued support for Ukraine’s defense of its sovereignty and territorial integrity [...] for as long as it takes."
    • "The United States and France will continue to coordinate on our concerns regarding China’s challenge to the rules-based international order... and to work together with China on important global issues like climate change."
    • "The United States and France reaffirm their commitment to an open and rules-based multilateral trading system, with a modernized WTO at its core [and] look forward to the work of the U.S.-EU Taskforce on the Inflation Reduction Act..."
    • "The Presidents welcome the progress made through the U.S.-EU Task Force on Energy Security to diversify the EU’s natural gas supplies, reducing its cost and limiting its dependence on natural gas."

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US-EU: Biden/Macron Joint Press Conference Underway

Last updated at:Dec-01 18:18By: Adam Burrowes
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MNI (London): US President Joe Biden and French President Emmanuel Macron are now delivering a joint press conference after a bilateral meeting at the White House.

  • Livestream: https://www.whitehouse.gov/live/
  • Biden and Macron have a strong working relationship but recent friction over the US Inflation Reduction Act and LNG prices has created tension between the US and the EU.
  • According to a White House readout, "The Presidents intend to expand defense cooperation on advanced capabilities and key technologies..."
    • "They reaffirm their nations’ continued support for Ukraine’s defense of its sovereignty and territorial integrity [...] for as long as it takes."
    • "The United States and France will continue to coordinate on our concerns regarding China’s challenge to the rules-based international order... and to work together with China on important global issues like climate change."
    • "The United States and France reaffirm their commitment to an open and rules-based multilateral trading system, with a modernized WTO at its core [and] look forward to the work of the U.S.-EU Taskforce on the Inflation Reduction Act..."
    • "The Presidents welcome the progress made through the U.S.-EU Task Force on Energy Security to diversify the EU’s natural gas supplies, reducing its cost and limiting its dependence on natural gas."

Related by topic

FI Bullets
Political Market News
US
Political Risk Bullets
Global Macro Analysis
Political Risk Coverage
Homepage Section
FX Bullets