Spiegel: US and Europe due to Biden’s decision were “on the brink of war”
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The United States and the European Union are on the brink of a trade war due to the fact that Washington did not allow European manufacturers to participate in the program to combat climate change. This is stated in the material Spiegel.
The United States has pledged to invest billions in green technologies. In the summer, a bill with multibillion-dollar subsidies to combat climate change was approved in Congress. Meanwhile, only those who manufacture products in the United States will receive “infusions”, the publication emphasizes. “And the Europeans have only now realized this,” the article notes.
The protectionist measures of the States, according to the author, can lead to a trade war with the European Union.
European Commission Executive Vice President Valdis Dombrovskis believes that there are several unfair provisions in US law that violate international rules.
“Europeans must insist that recognized rules are respected in this process,” Dombrovskis said in a commentary to this material. On behalf of the EU, he reaffirmed his commitment to this issue.
In August, the House of Representatives approved, at the suggestion of President Biden, a package of legislative initiatives aimed at reducing inflation. The amendments imply the allocation of funds in the amount of about 430 billion dollars. Most of the gigantic amount is directed to climate programs.
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