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Europe prepares its response to US protectionism

2023-01-17T20:10:14.048Z


DECRYPTION - Ursula von der Leyen denounces the "aggressive" and "unfair" measures of China or the United States.


Each year has its own existential challenge for the European Union.

In 2020 and 2021, she had to organize herself to deal with the Covid pandemic by avoiding a destructive everyone for themselves.

In 2022, the war on its doorstep in Ukraine forced it to react to an unprecedented energy shock.

The year 2023 will be the year in which to save its industry, in the face of

“aggressive”

competition from China and the United States.

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The European Union must therefore arm itself against the growing rivalry between blocs, in a context of de-globalization and the return of protectionism.

"To maintain the attractiveness of European industry, we must be competitive with the offers and incentives currently available outside the European Union",

argued Ursula von der Leyen, President of the Brussels Commission, before an audience of hundreds of decision-makers and entrepreneurs from around the world at the Forum in Davos, Switzerland.

A marked break with the reign of liberalism and free trade, dogmas...

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Source: lefigaro

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