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Europe defends its model against the United States

2022-12-01T16:43:43.624Z

The EU must avoid a trade war with Washington, argues Commissioner Margrethe Vestager. Europeans should not embark on a trade war with the United States in reaction to the protectionist measures of the Inflation Reduction Act adopted in Washington, according to the executive vice-president of the Brussels Commission, Margrethe Vestager, in charge of the Competition. "We can only fight one war at a time," she pleaded Thursday in Paris, where she was attending the OECD's Global Forum



Europeans should not embark on a trade war with the United States in reaction to the protectionist measures of the Inflation Reduction Act adopted in Washington, according to the executive vice-president of the Brussels Commission, Margrethe Vestager, in charge of the Competition.

"We can only fight one war at a time,"

she pleaded Thursday in Paris, where she was attending the OECD's Global Forum on Competition.

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“does not allow the great democracies to have a dispute”.

The European official therefore says she is

“confident”

about the resolution of this disagreement through negotiation.

She does not lean, like others in the Commission, for an appeal to the World Trade Organization (WTO), which would take a very long time.

It relies on the meeting of the Transatlantic Trade and Technology Council…

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Source: lefigaro

All business articles on 2022-12-01

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