Thursday, February 9, 2023

Macron says the United States and France agree to “solve” the U.S. subsidy problem

December 5 According to a report by Reuters on the 4th, French President Macron said that during his state visit to the United States, U.S. President Biden and he agreed to “solve” the problems caused by the U.S. Inflation Reduction Act.

According to the report, Biden signed the Inflation Reduction Act in August, introducing a large number of incentives, including high subsidies, to promote the production of electric vehicles and other green technologies in the United States. The United States said that the bill aims to revive the U.S. economy, which is deeply plagued by persistent high inflation.

However, European leaders believe that the bill is unfair to non-American companies, and it will deal a heavy blow to European economies as Europe responds to the impact of the Russian-Uzbek conflict.

Macron said in an interview with CBS 60 Minutes: “We made the decision with President Biden precisely to solve this problem. They can be solved.” The interview was broadcast on the 4th.

It is reported that Macron made sharp criticism of the subsidies related to the Inflation Reduction Act during his visit to the United States. In a meeting with members of the U.S. Congress, he said bluntly that the relevant measures are “extremely aggressive” for European enterprises and are solving the problems of the United States in a way that harms European interests.

Biden said at a joint press conference after the meeting with Macron on the 1st that he would not “apology” for causing dissatisfaction among European countries caused by the domestic subsidy policy in the Inflation Reduction Act, but the content of the bill could be “fine-tuned”.

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