French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in common.
But they are, on some level, strategic maneuvers in response to U.S. President Donald Trump’s deployment of 50% tariffs on the European Union, which he later delayed.
Macron sealed a deal with Vietnam for the Asian country to buy 20 jets from European planemaker Airbus, building on an earlier agreement for a similar quantity.
