Politico: Scholz and Macron threaten trade retaliation against Biden
France and Germany want to negotiate with Washington about unfair competition — but they are ready to hit back if necessary.
BERLIN/PARIS — After publicly falling out, Olaf Scholz and Emmanuel Macron have found something they agree on: mounting alarm over unfair competition from the U.S. and the potential need for Europe to hit back.
The German chancellor and the French president discussed their joint concerns during nearly three-and-a-half hours of talks over a lunch of fish, wine and Champagne in Paris on Wednesday.
They agreed that recent American state subsidy plans represent market-distorting measures that aim to convince companies to shift their production to the U.S., according to people familiar with their discussions. And that is a problem they want the European Union to address.
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Update #1: Biden Hits Fresh Bumps in Plan to Smooth EU Trade Ties (Financial Post/Bloomberg)
Update #2: EU keeps its shield up in the US trade war (Politico)
WNU Editor: Washington will counter by saying that the value of the Euro has collapsed in relation to the US dollar, thereby giving European goods an export advantage.
So why all the threats?
I see all of this as posturing and a diversion from the real crisis in Europe which is the energy crisis, the cost of living, rising unemployment, and inflation.
from War News Updates http://warnewsupdates.blogspot.com/2022/10/are-we-on-verge-of-us-europe-trade-war.html- Share about war news
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