On a state visit to Washington on Wednesday, French President Emmanuel Macron criticized subsidies in Joe Biden’s grand climate plan that favor “Made in the USA” products, calling them: “super aggressive” commercial. “It’s too aggressive for our business.”said Emmanuel Macron during a lunch with elected officials in the Capitol.
He was referring to the massive energy transition support program called for by Joe Biden called the Inflationary Reduction Act (IRA), which provides generous subsidies for electric cars, batteries or renewables, provided they are produced on American soil.
“Put yourself in my place.”the French president pleaded. “No one contacted me when the IRA was discussing.”he continued, asking to be “Respected as a good friend“. “Maybe this law will solve your problem, but you will increase mine”assured the head of the French state, who warned about the danger of “destroying many jobs” if there is no coordination between Europe and the United States.
In the evening, during his speech to the French community at the French Embassy in Washington, the head of state returned home to the point, warning. “risk” that “Europe and France become a kind of adjustment variable”. The rivalry between the United States and China, the two leading world powers. that “The risk is that, facing the challenges of the time, the United States will first look at the United States, that’s normal (…) and then look at the competition with China, and somehow that Europe and France; become a kind of adjustment variable”, he explained. He warned that the United States’ investment and subsidy program to help their businesses was at risk “cut west”.
Source: Le Figaro
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