The German magazine Der Spiegel on January 31 reported that 7 member states of the European Union (EU), in the Northern and Eastern European regions, have warned of the risk of a race with the US in the issue of aid. price.
In a letter to European Commission Vice President Valdis Dombrovskis, the Finance Ministers of Estonia, Finland, Austria, Ireland, the Czech Republic, Denmark and Slovakia emphasized the large financial support available to companies that do not proved to be at a disadvantage in the market could lead to a subsidy race” danger.
In December 2022, the EU said it would adjust the regulation on government support measures to prevent the impact of the virus. Inflation Reduction Act (IRA) of the United States.
[Khi Mỹ – người thiết lập luật chơi lại phá vỡ luật chơi]
EU countries fear IRAs will be detrimental to their companies because many subsidies are only available for products made in North America, such as electric cars.
The IRA Act, signed by the administration of US President Joe Biden in August 2022, sets out a spending plan worth $369 billion, notably large tax breaks for clean energy, including energy. solar quantity.
IRA is considered the historic agreement on climate, clean energy transition of America in 2022.
This is the most positive investment in the climate U.S. Congress implemented and is expected to cut about 40% of the amount emissions this decade, moving the United States toward its goal of becoming a net zero-emissions economy by 2050.
Even so, US trading partners in Europe and Asia fear the law will put their capital-intensive industries in trouble.
(VNA/Vietnam+)