British media: U.S. trade moves are deteriorating relations with Europe

Xinhua News Agency, Beijing, November 30th. On November 30th, "Reference News" published the British "Financial Times" editorial "U.S. trade moves make transatlantic relations worse." The abstract of the article is as follows:

French President Emmanuel Macron is heading to Washington this week. The French leader will bring a list of shared EU concerns about U.S. trade measures, including green subsidies.

The U.S. passed the Inflation Cut Act in August, and EU officials are concerned that rules on subsidies for green technologies, including electric vehicles, contain discriminatory requirements. They said the measures could unfairly drive EU companies to relocate to the United States and violate global trade rules. Officials are also unhappy about the potential spillover effects of U.S. export controls on EU companies.

With fuel prices much lower in the U.S., politicians worry that European Union and international companies could divert business and investment. German chemicals group BASF said last month it would have to "permanently" scale back its operations in Europe. Macron accused U.S. energy producers of enjoying "excess profits" as they boost sales to Europe.

(Editors in charge: Ai Wen, Liu Yeting)

Share for more people to see

The news is published by EMEA Tribune & Peoples Daily Online