"Today, the EU's main partner, the US, is pursuing policies leading directly to the de-industrialization of Europe. They even try to complain about that to their American overlord. Sometimes even with resentment they ask 'Why are you doing this to us?' I want to ask: 'What did you expect?' What else happens to those who allow feet to be wiped on them?"Earlier this month, European Commission President Ursula von der Leyen sounded the alarm over US economic policies, urging the EU to "take action" if it wanted to be able to compete with the US government-subsidized green industry.
Von der Leyen blasted the tax breaks for consumers who buy American products, introduced under the Inflation Reduction Act (IRA), signed by President Joe Biden in August. She warned that such initiatives could "lead to unfair competition, could close markets, and thus fragment critical supply chains."













Comment: UK may be playing 'second fiddle', but the tune remains the same.