Three days after Emmanuel Macron criticized US economic measures, the President of the European Commission, Ursula von der Leyen, echoed the French leader this Sunday (4) and said that the countries of the European Union must devise strategies to face what she called ” economic distortions” created by Washington.
This week, during a meeting with his American counterpart, Joe Biden, in Washington, Macron criticized the subsidies included by the White House in the so-called Inflation Reduction Act, a euphemistic baptism to speed up the approval of a US$ 430 billion environmental package. According to the Frenchman, the incentives guaranteed by the text are aggressive for companies in the European country.
In line with Macron, Ursula von der Leyen criticized American protectionism and defended, without going into detail, the implementation of measures in Europe with the aim of rebalancing the sectors in which the Inflation Reduction Law “creates distortions”. She also said it was necessary for European countries to open new dialogue channels with the White House to discuss what she called “worrisome aspects” of the law.
It is uncertain how the US legislation could directly affect the European market. Among other areas, Biden wants to boost the electric vehicle sector to promote manufacturing employment, the energy transition and technological competition with China.
On Wednesday, when rebutting criticism of US economic measures, Biden said that job creation in the country does not happen “at the expense of Europe” and that European states must devise strategies “more quickly” so that they have the same ambition. industrial Washington.
During the meeting with Macron, Biden tried to show harmony with the French president, despite the differences. The two governments announced the formation of a task force, together with the EU, to deal with trade disputes related to clean energy. And Biden has not ruled out adjustments to economic policies, saying they were not intended to exclude Europeans.
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