The relationship between the United States and France has been complex and multifaceted for many years, and there have been periods of tension and disagreements. That being said, there were certainly points of tension between President Trump and President Macron during Trump’s time in office. For example, the two leaders disagreed on issues such as climate change, trade, and the Iran nuclear deal, as well as on broader issues related to multilateralism and the future of the international order.
However, it is important to note that the relationship between the US and France is broader than any one individual or administration, and that the two countries continue to have significant economic, political, and cultural ties. While there may be differences or areas of disagreement, the US and France are also important allies and partners on a range of global issues, and both countries have a vested interest in maintaining a strong and cooperative relationship.
In a recent interview, President Emmanuel Macron says all of Europe should focus on lowering its dependence on the US dollar. President Macron’s call for reducing Europe’s reliance on the US dollar as the world reserve currency is not necessarily a reflection of any recent deterioration in the friendship between France and the US. Rather, it is part of a broader strategic agenda to strengthen European economic and political autonomy and reduce dependence on the United States.
The US dollar has been the dominant global reserve currency since the end of World War II, and this has given the US significant economic and political leverage in international affairs. However, Macron and other European leaders have argued that this reliance on the dollar creates vulnerabilities for Europe, particularly in the face of US sanctions and other forms of economic pressure.
To address this, Macron has called for the development of a more independent European financial system that is less reliant on the US dollar. This includes promoting the use of the euro as a reserve currency and developing alternative payment systems that are not subject to US jurisdiction.
Is Macron being influence by China?
China and France have been developing closer ties in recent years, despite some differences and challenges in their relationship. One reason for this is that both countries see opportunities for economic and strategic cooperation, particularly as China’s economy continues to grow and as France looks to diversify its economic partners.
In addition, Macron has been advocating for a more balanced and multipolar global order, which he believes requires closer cooperation between Europe and Asia. This has led to increased engagement between France and China, including high-level visits, investment agreements, and cooperation on issues such as climate change and global governance.
Regarding the use of US dollars to continue purchasing oil and gas from China, it is ultimately a business decision that would depend on a variety of factors, including the availability and cost of alternative currencies or payment systems. While there may be strategic reasons to reduce reliance on the US dollar as a global reserve currency, individual companies or governments may still choose to use dollars for practical reasons related to international trade and finance. Ultimately, the choice of currency will depend on a range of factors, including economic, political, and strategic considerations.
