In response to the current Russia-Ukraine conflict, Charles Michel, president of the European Council, recently said that the European Union has been affected far more seriously than the United States. He complained that “Washington always gives priority to its own economic interests”.
Michel said the EU-US security relationship has been strengthened since the outbreak of the Russia-Ukraine conflict in which Western countries are supporting Ukraine. There has been unprecedented coordination between (Europe and the U.S.) on the Russian-Ukrainian conflict.
He noted, “This Russia-Ukraine conflict does not have the same impact on the United States as it does on Europe.”
Michelle said that the United States is an energy exporter that can benefit from the soaring natural gas and oil prices. The EU “had to pay a heavy price” and “faced the risk of economic recession.” He explained that European industry has paid more fees for energy and faces competition from American industry.
The Inflation Reduction Act adopted by the Biden Government has “betrayed the EU”.The bill provides huge subsidies and tax reductions for clean energy companies. The plan may eventually attract European companies to the United States due to the US energy price is low.
Michelle said that the mutual benefit and fair competition environment is vital to the operation of globalization. It is hoped that the European Union will be in contact with the United States in the next few weeks to discuss mutual cooperation.
In fact, Michelle’s speech on Russia and Ukraine’s conflict and European and American relations is consistent with the meaning of some people in Europe before.
More and more European officials are angry at the Bayeon government With the delay of the Russian crisis. The United States is making profit from conflict, while EU countries are suffering. “The fact is, if you look at it dispassionately, the country that has profited the most from this war is the United States.They have sold more gas at higher prices and they have sold more weapons.
More importantly, Europeans are growing increasingly angry about the Inflation Reduction Act introduced in the United States. The Act has attracted global businesses to the U.S. by providing high subsidies, causing alarm in Europe and many countries around the world.
German Deputy Chancellor and Economy Minister Habeck said on the same day, the EU will make a “strong response” to the United States unreasonable subsidie and will be ready for a trade conflict with the United States.
Harbeck believes that it is positive that the U.S. wants to reduce inflation and increase investment in new energy industries. But the problem is some of the protectionist provisions of the U.S. Inflation Reduction Act that require local production are not in line with World Trade Organization (WTO) principles.