Chinanews.com: The United States has changed from an "ally" to a "harmful friend" and the EU is quitting!

　　China News Service, Beijing, November 19th (Jiang Li) According to Agence France-Presse, EU finance ministers held a meeting in Brussels recently and stated that the US ignores the EU's concerns about its "Inflation Cutting Act", which may lead to EU retaliatory measures. .

On June 15, 2021, Biden delivered a speech while attending the US-EU summit in Brussels.

　　U.S. President Biden signed the "Inflation Reduction Act" in August this year. Some of the provisions involve the U.S. government's high subsidies for the local electric vehicle industry and the exclusion of imported electric vehicles from the subsidy list.

This move will greatly increase the attractiveness of the United States to the new energy and electric vehicle industries, and attract European companies to relocate to the United States.

　　Responding to the unfair terms, EU Competition Commissioner Margrethe Vestager said last month that "in principle, the US should not use this against a friend." French President Emmanuel Macron and German Chancellor Schauer Ertz has also previously expressed concern about the U.S. approach.

Scholz even warned that the US approach may trigger "a huge tariff war."

　　The U.S. does not hesitate to violate WTO rules and use unfair means to gain more advantages in market competition, harming EU employment and economic growth, which may lead to an escalation of friction between the two sides on subsidies for the new energy industry, and further hit the EU and the U.S. in various fields. Confidence in cooperation.

　　Previously, affected by the Ukraine crisis, the United States wooed its European allies to impose severe sanctions on Russia, causing Europe to fall into an energy crisis.

At the same time, the United States took the opportunity to sell liquefied natural gas to Europe at a high price, earning huge profits from it.

While Europe seeks alternatives to reduce its dependence on Russia, the reality is that Europe's dependence on energy remains, and the United States has emerged as the ultimate winner of this crisis.

　　Today, energy prices remain high, the normal production activities of European companies have been impacted, and the manufacturing industry is facing difficulties. The "Inflation Reduction Act" is bound to make more European companies transfer production to the United States, making the European economy worse.

　　The United States firmly adheres to the principle of "America First". On the one hand, it wins over the EU to fight against "foreign enemies" with itself. On the other hand, it does not hesitate to sacrifice the interests of its allies in order to protect its own interests. "became a" bad friend".

　　If the United States and Europe cannot reach a consensus on these contradictions, the retaliatory measures taken by the EU may trigger a new round of trade war.

　　EU threatens retaliation in response to US Inflation Reduction Bill

　　By John Lee

　　(ECNS) -- The European Union (EU) has threatened to take retaliatory measures against the US over electric car subsidiaries that favor domestic manufacturers, according to an AFP report.

　　US President Joe Biden signed the Inflation Reduction Bill into law in August, which includes state aid for electric cars made in North America and support for US battery supply chains, making the US more attractive to European enterprises in the new energy and electric.

　　The EU's competition chief, Margrethe Vestager, said last month that “as a matter of principle, you should not put this up against friends,” as reported by the Financial Times. Both President of France Emmanuel Macron and German Chancellor Olaf Scholz expressed their concerns over related clauses. Scholz even warned the US that the bill may trigger a tariff war.

　　Risking a breach in international trade rules, the US has won more advantages in market competition, which will harm European employment and economic growth. This could escalate the friction between the two sides on subsidies for new energy industries, undermining the EU with's cooperid the US

　　Previously, affected by the Ukraine crisis, the US wooed the EU to impose severe sanctions on Russia, resulting in the EU being trapped in an energy crisis. Meanwhile, the US took the chance to sell liquefied natural gas to Europe at a high price and earn huge profits.

　　The EU has been trying to find energy alternatives to lower its dependence on Russia, forcing it to look to the US as a new energy supplier.

　　Today, energy prices in Europe remain high, which has hit the normal production activities of its countries and put their manufacturers in a dilemma. The Inflation Reduction Act is bound to cause more European enterprises to transfer their production to the US, exacerbating the difficulties facing the European economy.

　　The US firmly adheres to the principle of “America First.” On the one hand, it draws the EU to fight against "foreign enemies," while on the other hand, it does not hesitate to sacrifice the interests of its allies to safeguard its own interests. The indispensable EU ally has become its "harmful friend."

　　If the two sides fail to reach a consensus on these contradictions, the EU may take retaliatory measures, likely triggering a new trade war.