Politico: US and EU may start a trade war over green energy
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Europe and the US may start a trade war between themselves because of the “green” industry. This is reported by the newspaper Politico. To support this industry, Washington will allocate $369 billion. This decision will cause an outflow of investment from Europe, especially in areas such as the production of electric cars.
This decision “infuriates” the major automakers of the European Union – France and Germany. For the latter, subsidies from the US may become a new blow after some companies switched to the US market after a sharp rise in energy prices.
The publication notes that Berlin now has two options: move on to the tit-for-tat tariff battles of the era of former US President Donald Trump, or introduce a large package of subsidies in order to keep businesses in the European Union.
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