France suggested on Sunday that it may seek adjustments to a massive US spending package that feeds money into European companies’ competitors.
The $369 billion plan, signed by President Joe Biden, provides tax advantages for US renewables and electric vehicles, as well as incentives for American manufacturing.
Green subsidies proposed by Mr. Biden are opposed by EU policymakers, who believe they will unjustly disadvantage Europe’s energy and auto industries.
French President @EmmanuelMacron is scheduled to visit Washington this week, including a state dinner with Vice President @JoeBiden on Thursday.
He will be the first leader to be honored by Mr. Biden’s administration, giving him the uncommon distinction of making two state visits following his reception by Donald Trump in 2018. Despite the US-European unity against Ukraine, commercial relations have become more difficult as a result of Mr Biden’s domestic moves.
“France may request exclusions from some tariffs and restrictions imposed by the US government,” French Finance Minister Bruno Le Maire said on Sunday.
“China favors Chinese production, America favors American production, and it is time for Europe to favor European production,” he said on France 3 television.
“All European states must recognize that, in light of these American decisions, we must learn to better protect and defend our economic interests.”