Macron intends to convince businesses not to go to the US — EADaily, November 25, 2022 — Politics, Europe News

The meeting of French President Emmanuel Macron with representatives of European business was a clear signal to the United States that Europe has “come to its senses” and stood up for its interests, the CCTV article says. As the author notes, earlier in the week, the French leader hosted a banquet for European entrepreneurs, and it was not just a dinner, but “a bitter attempt to keep them in France.”

“Macron tried to send them a signal: stay, don’t leave,” he writes.

Politicians across Europe are now more concerned than ever that local industries will relocate to the US, the report says. Thus, the stable cost of energy in the United States and generous subsidies from the US government under the law to reduce inflation left European enterprises with no choice but to “turn their backs” on the EU.

As CCTV points out, more and more Europeans see clearly the “true US calculation”: to use the crisis in Ukraine to weaken Europe’s strategic autonomy, and to cash in on the energy crisis and poach European industry.

In the author’s opinion, having “learned from painful experience” and faced with the “tyrannical” policy of “America first”, the countries of Europe now began to resist.

“European countries are trying to get rid of their habit of “dancing to the tune of the United States” and are looking for ways to strategic autonomy. The banquet at the Elysee Palace was a clear signal.” he sums up.

Former European Commissioner for the Internal Market Thierry Breton said the European Commission sent a written warning to Washington demanding to change a number of paragraphs of the US Inflation Reduction Act (IRA), which are contrary to WTO rules, noting that the EU will be ready to take retaliatory measures to protect its producers. The European Commissioner stressed that this act, which involves the allocation of $ 370 billion to attract production to the United States and create jobs, “violates the rules of fair competition.”

In September, the official representative of the Ministry of Commerce of the PRC Shu Jueting also expressed concerns about this law, noting that the United States, as a member of the WTO, is obliged to conduct its investment policy in accordance with the rules of the organization and protect the order of fair competition.

Act signed by the President of the United States Joe Biden in August, including an expansion of tax subsidies for the purchase of electric vehicles that are assembled in North America and use US-made batteries from locally sourced materials.

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