The American law enacted to combat inflation was criticised by French President Emmanuel Macron, who believed it to be in violation of World Trade Organization regulations.
During a meeting with representatives of the French industrial sector on Tuesday, Macron stated: “It is impossible to talk about removing carbon from the industry without mentioning the law to reduce inflation in the United States, as well as what we will face in Europe of its consequences.”
He emphasised that the United States sells its gas for more money than European nations and offers substantial financial support to many different economic sectors “which “eliminates the European project from the market as a whole.”
He added: “I think that this law does not respond to the rules of the World Trade Organization, in addition to that I consider this matter not friendly.
The French President stated his desire to discuss this matter in Washington in December “in the atmosphere of friendship.
It is noteworthy that US President Joe Biden signed last August the law to combat inflation, which provides for tax facilities, and it stimulates the sales of electric cars collected in the United States, which has batteries with American -made components.
According to the opinion of the European Commission, Brussels will need to act in response to the American law that defies WTO regulations, according to Thierry Bretton, Commissioner for Internal Market Affairs of the European Union.
To resolve disagreements regarding “potentially fair competition,” the European Union and the United States have established a joint working group.
Source: Novosti.
The American law to combat inflation is criticised by Macron.
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