France’s Le Pen says Would Seek Trump-Style Repatriation of Car Plants

January 10, 2017 2:32 pm  

(Reuters) – Far-right French presidential candidate Marine Le Pen said on Tuesday she would seek to repatriate production of French motor vehicles and other industrial goods – just as President-elect Donald Trump hopes to do in the United States.

Trump has threatened to slap tariffs on cars made abroad, saying the practice costs American jobs. He has praised Ford Motor Co’s decision last week to scrap a plan to build a plant in Mexico, and Fiat Chrysler Automobiles’ confirmation of plans to create 2,000 jobs at its U.S. factories.

Asked whether she would like to see the same thing happen with French manufacturers Renault and PSA Peugeot Citroen, the National Front (FN) leader said: “He (Trump) is putting in place measures I have been demanding for years.”

Speaking on France 2 Television, she described the policy as “economic patriotism, (and) intelligent protectionism.”

“I don’t mind explaining to French companies that they can not escape tax that they should be paying in France, that they cannot go offshore without suffering the consequences … A choice has to be made, a choice of patriotism.

Both Renault and Peugeot have significant cars and parts-making activities in Spain and eastern Europe.

Other candidates in France’s spring presidential election have praised Trump’s attitude on Ford, including Socialist Arnaud Montebourg and left-wing independent Jean-Luc Melenchon.

Le Pen’s protectionist and anti-globalization agenda has helped win her widespread support in her campaign. Most opinion polls show her contesting, but losing, the second and final round of the presidential election in May with Francois Fillon who represents conservative party The Republicans.

Industrial policy is one of the key differences between the two. Fillon has a liberal program aimed at rolling back state involvement in corporate life.

On Dec. 1 he advocated selling government holdings in major companies, saying the government’s near-20 percent stake in Renault was pointless and could not prevent it from building factories abroad.

www.reuters.com/article/us-france-election-le-pen-autos-idUSKBN14U0UV

U.S. Small-Business Optimism Index Surges by Most Since 1980
Pravda: ‘Scientists Now Warn Of A New Ice Age’ As Temperature Plummets to – 80°F In Russia

Top Stories

WATCH: Trump Supporters ‘Take Over’ Town Hall With Nasty Surprise... (Angry Patriot) - Maxine Waters has proven that she is nothing but a political hack with only self-interest in mind. She finally got a taste of her ow...
Ari Fleischer Burns Liberal Healthcare Narrative to the Ground in... (Bizpac Review) - When it comes to manipulating public sentiment, sometimes it’s all about how an issue is framed. Cut a government health program, an...
Why Trump White House and Sessions DOJ Must Help Sheriff Arpaio Criminal trial to imprison Arpaio an Obama travesty of justice (Infowars) - After failing to clean the DOJ swamp of attorneys still loyal to Presid...
Meet The Man Who Is Going To Beat Paul Ryan Establishment reps feeling pressure (Infowars) - Paul Nehlen is running against Paul Ryan in the first district of Wisconsin: www.in...
Normally Reserved Sen. Grassley Drops Bomb When He Outs 2 Dems As... (Bizpac Review) - He’d heard enough lies and brought them out into the sunlight to disinfect. After listening to the sniping by senior Democratic l...
ALERT: Dems Make Their Move, Civil War Is Imminent (Angry Patriot) – Throughout the 2016 campaign, the political pundits pontificated about the possibility of a fractured Republican Party. Now, after a...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.
Web Analytics