Europe must defend itself from the US-France’s Le Maire
2022.11.27 08:27
Europe must defend itself from the US-France’s Le Maire
Budrigannews.com – Finance Minister Bruno Le Maire stated on Sunday that while France may attempt to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act, Europe must act to safeguard the bloc’s economic interests.
Next week, Le Maire will go on a state visit to the United States with French President Emmanuel Macron.
According to Europeans, the massive subsidy package included in the Inflation Reduction Act to safeguard U.S. manufacturers could be fatal to their industries, which are already struggling with high energy costs as a result of Russia’s invasion of Ukraine.
“France may request exemptions from certain restrictions and duties imposed by the United States administration.But the real question we need to ask is, “What kind of globalization is in store for us?” France 3 television was informed by Le Maire.
He continued, “China favors Chinese production, America favors American production, and it is time Europe favors European production… All European states must understand that we must learn to better protect and defend our economic interests today in the face of these American decisions.”
