Macron's "France is Back" Speech Makes Plea for European Unity

US Treasury Secretary Steven Mnuchin

"A race to the bottom will hurt the common good", Macron told the WEF.

However, he warned that corporate tax avoidance had to be tackled and that Europe should move at different speeds.

France will exempt farmers from a ban on using the weed-killer glyphosate in three years time where there is no credible alternative to the most widely used pesticide in the world, President Emmanuel Macron said on Thursday [Jan. 25].

"I hope that other countries which share our values and our attachment to human rights, and obviously have much closer economic links, can also introduce effective sanctions", he added in an apparent message to other Latin American countries.

On Wednesday, Macron took his pledge of a French renaissance to the world's business elite gathered in the Swiss resort of Davos.

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In proposals unlikely to conform with the "America First" approach advocated by the current US administration, Macron called for global action on avoiding tax competition and closing tax loopholes.

Macron also called for a more robust International Monetary Fund with a broader mandate that would include regulatory authority over parts of the financial system that now escape regulation - including cryptocurrencies and the shadow banking system.

Trump and Macron have managed to stay on friendly terms despite disagreeing on some key issues, most notably the US withdrawal from the Paris climate agreement. "We have to have a discussion about this".

"We've also chose to make France a model in the fight against climate change", said President Macron at the World Economic Forum in Davos, Switzerland. "In terms of climate change, we are losing the battle". We're undoing what globalization has been able to achieve.

"If we want to avoid this fragmentation of the world, we need a stronger Europe", he said. "It's absolutely key. We have to design a 10-year strategy to make Europe an actual economic, social, green, scientific, and political power".