May 3, 2024

Valley Post

Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

Biden’s energy subsidies to American companies are a “cause of war” for the European Union

Biden’s energy subsidies to American companies are a “cause of war” for the European Union

Beyond the War in Ukraine, the Energy Crisis and Domestic Issues, “27”. European Union You should consider the problems you brought American Support race.

The President of France has already raised the issue at the summit seeking answers, while other leaders as well as the Commission are moving in the same direction, although we are far from concrete solutions, as reported by the international media. On Thursday, before the summit, mr Emmanuel Macron EU leaders appealed “faster and stronger” In response to the massive American program Subsidiesτο Inflation Reduction Act (IRA).

“We must have an answer To maintain equal competition and defend grand plans“Especially green technologies and future technologies for Europe,” Macron said upon his arrival in Brussels on Thursday.

He added, “This requires greater speed, a simplification of the rules, the formulation of a macroeconomic response, a level of assistance, at the European and national levels, that will allow us to provide a response, to maintain parity in terms of what Americans do.”

According to Macron, no answer It should be given in early 2023. This is not the first time that the French leader has opposed the United States, a close ally of his country (but also of the European Union) over protectionist tactics by the White House that end up costing the 27 EU countries. in october He succeeded directly against the United States Because they sell natural gas at a very high price, burdening European companies, but giving American companies a comparative advantage thanks to cheap energy.

See also  Trains in Germany collapse!

Program- “headache” for the European Union

The American program adopted this summer in Washington It envisages investments of $370 billion to address climate change.

But beyond its ecological goal, the program has it Protective personalityand provide exceptional assistance to companies operating in the United States, and may further damage European competitiveness, which is already suffering from high energy prices.

Meanwhile, European Commission President Ursula von der Leyen told members of the European Parliament in Strasbourg on Wednesday that “this law Risks of causing unfair competition». He suggested setting up a European program, without waiting for Brussels to make US concessions, which are a topic of discussion in transatlantic working groups.

The situation is difficult to say the least. Moscow Cut natural gas exports by 80%. destined for the European Union. But if European supplies are secured for this winter, thanks mainly to liquefied natural gas (LNG) imports, then

While German Chancellor Olaf Scholz advocated no problem in the EU-US relationship, von der Leyen supports the need for a European “sovereign fund” to develop a common industrial policy and increase investment in research and innovation programs on a European scale: such as hydrogen and semiconductors.

today’s news:

Ark of the Scholar: The property of Father Antonio and the Elder has been confiscated

Qatargate: European Parliament “freezes” all arrangements for Qatar – 10-point plan to fight corruption

Corinthians: Chronicle of an Attempted Gang-rape of a Schoolgirl: “He put a head-lock on me, and then the others came…”