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A trade war of harmful subsidy race to the bottom, picking winners & losers, would stifle innovation and make our adversaries rejoice. We have alternatives to shore up EU industry competitiveness in face of IRA: finally deliver on the many oven-ready trade deals we have lined up.
🐦🔗: https://n.respublicae.eu/CHansenEU/status/1602981979460636672
While we welcome the game-changing objectives of #IRA, Biden administration must recognise that protectionist policies risk driving EU industry in the arms of less reliable partners and increase #EU dependence on China. 🇺🇲🇪🇺
@EPPGroup @VDombrovskis @POTUS
My speech ⬇️
🐦🔗: https://n.respublicae.eu/CHansenEU/status/1602983411450511360