The one-year moratorium on fuel tax rises was announced the day after Philippe, in the first major retreat of Macron's presidency, said the January 1 fuel tax rise would be postponed for six months.
"This anger, you would have to be deaf and blind not to see it, nor hear it", Philippe said after more than a fortnight of demonstrations by so-called "yellow vest" protesters.
He added that "no tax should endanger national unity" and the "violence must stop".
On Tuesday, Philippe announced a freeze in electricity and natural gas prices until May 2019, and warned protesters against more disruptions.
For weeks Macron held his ground on the fuel taxes, which are meant to finance anti-pollution policies but critics say unfairly weigh on drivers in rural and small-town France.
He defended Mr Macron's decision past year to narrow the wealth tax - known in France as "ISF" - to a tax on real estate assets, rather than all of an individual's worldwide assets, from jewellery to yachts to investments, over the value of 1.3 million euros ($2 million).
Two groups blockading petrol depots in Brittany said they would stand down following the announcement of the measures, which will cost public coffers some two billion euros ($2.3 billion).
"This decision should have been taken from the start, as soon as the conflict emerged", said prominent Socialist figure Segolene Royal, a former candidate for president, adding: "The more you let a conflict fester, the more you eventually have to concede". "We want Macron and his entire government to resign". She said Macron's move "is on the right path but in my opinion it will not fundamentally change the movement".
Mr Trump wrote on Twitter: "I am glad that my friend @EmmanuelMacron and the protestors in Paris have agreed with the conclusion I reached two years ago".
Former US President George H.W. Bush Dead at Age 94
Before getting the keys to the White House, he served eight years as the vice president of Republican icon Ronald Reagan. Former president Bill Clinton is remembering Bush for his "great long life of service, love and friendship".
"Trump also retweeted a false claim from American conservative student activist Charlie Kirk that said: "'We want Trump' being chanted through the streets of Paris".
Why have French rioters been battling police in Paris?
Interior Minister Christophe Castaner urged "responsible" protesters not to descend on Paris, but has nonetheless called in police reinforcements in case of more violence.
Farmers, road hauliers and students joined an escalating revolt against President Macron today as he warned that some protesters were seeking to overthrow the French state.
Four people have died in the Yellow Vest protests so far, and an estimated 75,000 people took part in demonstrations that turned violent in Paris this past Saturday.
Macron has left Philippe to make the public statements concerning the protests. On Tuesday night, the young leader was booed and jeered as he traveled to a regional government headquarters that was torched by protesters last weekend.
To be sure, Macron's recent efforts to combat "climate change" and reduce France's dependence on "fossil fuels" by levying a new tax on gasoline and other household fuels is not the only reason the French are protesting, but fuel tax is the "straw that broke the camel's back".
Although the protests were sparked by the planned rise in fuel taxes next month, the movement has grown to encompass wider anger and frustration against the political elite in Paris in general and Macron and his government in particular.