He added that "no tax should endanger national unity" and the "violence must stop".
About 2 million transport workers, from urban transit drivers to high-speed train engineers, brought the country to a halt over Prime Minister Alain Juppe's plan to reform the social-benefits system, impose welfare cutbacks and raise the retirement age for public transport workers.
The decision has ramifications beyond France, since the fuel tax rise was part of Macron's efforts to wean France off fossil fuels in order to reduce greenhouse gases and help slow climate change. As of yesterday, the plan was to delay it for six months, but that has now been shelved completely in fear that more protests were coming.
He also said that planned increases in gas and electricity prices this winter would be halted, and that a toughening of the rules for vehicle emissions tests would also be postponed.
A Macron aide denied that any eventual revision of the wealth tax would represent a major climb-down by Macron, a pro-business former investment banker, adding that the president remained committed to his reform drive. Macron's move was "on the right path but, in my opinion, it will not fundamentally change the movement", she said.
Barricades at fuel depots are also causing shortages in some areas of France, while Paris businesses are bracing for new clashes which could erupt between protesters and police on Saturday.
"I am glad that my friend @EmmanuelMacron and the protestors in Paris have agreed with the conclusion I reached two years ago", Trump tweeted.
Demonstrators were back in the streets wearing their signature yellow vests despite the announcement.
Trade unions so far have not played a role in the yellow vest protest movement but are now trying to capitalize on growing public anger.
Violent rampaging last Saturday devastated the French capital.
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Industry groups and pundits scolded protestors, declaring that the oil would find its way to the market one way or another. Saskatchewan Premier Scott Moe said in a statement that the province isn't considering following Alberta's example.
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Around 400 people were arrested after a violent minority turned on police, throwing projectiles and vandalizing statues.
Economists frequently note that fuel taxes or carbon taxes are more elegant solutions than fuel-economy mandates to promote better fuel efficiency and cleaner air.
"If not there will be chaos", said Christophe Chalencon. Pensioners marched against the President's perceived elitism.
The French government caved in after the worst riots in decades and delayed an increase in energy taxes.
It is unclear whether the government's latest moves will put an end to the protests.
Seventy-six per cent of those interviewed said they were "dissatisfied" with Mr Macron's actions as president, with half stressing they "totally disapproved" of his actions. Other police unions are not talking about strikes - but everyone's anxious about security risks in the face of a movement with no clear leaders whose protests are easily hijacked by troublemakers of all stripes.
"The protesters seem wholly uninterested in party politics", Poirier wrote in the New York Times last week. "I'm calling this government to resign", Valette said.
Some officials, however, hope that the lack of clear leadership will lead the movement to break apart.
Negotiating with the protesters, named for wearing high-visibility yellow vests "gilets jaunes" has been hard for the government as the leaderless activists are spread throughout rural and urban France and include people with grievances beyond objections to the fuel duty. George Grow was the editor.