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Calls from EU von der Leyen for Cooperation to prevent the United States trade war

by John Pierce
July 3, 2023
in Business
2 min read
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The President of the European Commission called Ursula von der Leyen for European Union and the United States of Investment in Cleaning technology together and not risk harmful trade war during the speech on Sunday.

Confronting climate change and competition From China, “the United States and the European Union are massive common “We are interested in maintaining our industrial leadership,” von der Leyen said at the college. of Europe in Bruges.

top of the European Union official made Appeal to Washington as concerns in Europe grows over Washington’s recent landmark $700 billion bill called the Inflation Reduction Act (IRA).

The legislation guarantees tax exemptions for consumers in the United States who purchase electrical vehicles with locally manufactured batteries and in emphasis countries with Free trade agreements with The United States The European Union and the United States are two major trading Partners but they have no such deal.

european union, home For many large automakers, fears that this will cause their manufacturers to lose out and with some calls for similar public investment policy in Response.

Von der Leyen said the EU and the US would continue to do so work together to resolve The issue But he warned that the bloc would respond as necessary to Washington’s cleanliness technology program.

United States and European Union should We invest together in Two clean energy industrial bases on Both sides of Atlantic,” noting that the usual is strict public investment rules in European Union should Be relaxed to do so.

Chairman of the Commission also He said the United States and the European Union should work closer to set regulatory Standards for electrical vehicles.

Washington and Brussels should cooperate closely with the source and production critical raw materialsAnd the reduce China advantages in sector, she said.

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