New: A daily newsletter defining what matters in business and markets

Stories

Reality check: Trump's inaccurate claim on the Paris fuel tax

French President Emmanuel Macron and President Donald Trump.
French President Emmanuel Macron and President Donald Trump. Photo: Thierry Chesnot/Getty Images

With France in turmoil after days of violent nationwide protests over the rising cost of fuel, President Trump claimed in a tweet on Tuesday that French President Emmanuel Macron has finally "agreed with the conclusion I reached two years ago. The Paris Agreement is fatally flawed" because it increases the price of energy benefits some of the world’s "worst polluters."

"I want clean air and clean water and have been making great strides in improving America’s environment. But American taxpayers – and American workers – shouldn’t pay to clean up others countries’ pollution.”
— Trump continued in another tweet

Reality check: The president's tweet is erroneous as Macron did not back away from the climate agreement as Trump appears to indicate. The planned fuel tax increase, which Macron suspended on Monday, technically has nothing to do with the Paris Agreement that the White House announced its intent to withdraw the U.S. from last year.

More stories loading.