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Macron castigates 'super aggressive' US subsidies to French companies

2022-11-30T20:16:27.074Z

The President of the Republic refers to the Inflation Reduction Act (IRA), which grants generous subsidies to electric vehicles provided that they are manufactured on American territory.



French President Emmanuel Macron, on a state visit to Washington, on Wednesday lambasted subsidies in Joe Biden's grand climate plan that favor "made in the USA" products, calling them

"super aggressive"

on the plan .

commercial.

"It's super aggressive for our businesses

," said Emmanuel Macron, during a lunch with elected officials on Capitol Hill.

He was referring to the massive support program for the energy transition wanted by Joe Biden, called the Inflation Reduction Act (IRA), which grants generous subsidies to electric vehicles, batteries or renewable energies provided that they are manufactured on American territory.

Read alsoWhat is the "Inflation Reduction Act", a subject of friction between Europe and the United States?

“Put yourself in my place”

, pleaded the French president.

"No one contacted me when the IRA was in discussion

," he continued, asking to be

"respected as a good friend

."

“Perhaps this law will solve your problem, but you will increase my problem”

, assured the French head of state, who warned against the risk of “destroying many jobs” if he does not there is no coordination between Europe and the United States.

Source: lefigaro

All news articles on 2022-11-30

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