Journalist Gabor Steingart stated that the German economy was caught in the “pincers” of the United States. This is stated in the article Focus Online.
According to Steingart, the essence of American ticks lies in two aspects.
“The first has to do with the US Inflation Reduction Act, which is aimed not at lowering prices but at a massive subsidy program for the US high-tech sector, which in turn puts pressure on German companies. The second aspect is directed at China and includes sanctions against Chinese semiconductors, which forces German business to reconsider cooperation with China.
Gábor Steingart emphasizes that the United States, through its actions, has shown a definite intention to ensure its own welfare at the expense of China and Europe.
“Currently, the German economy has a strong competitor to the United States. The journalist noted that the era of “free trade” has given way to the era of “managed trade” in Washington.
Formerly Gabor Steingart declarationThat the Western countries created the conditions for the energy crisis and that Russia should not be held responsible for this situation.