Focus reporter Steingart says the German economy is “in the grips” of the United States 16:56

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.

Source: Gazeta


More from author

Zakharova accused the European Union of betraying Armenians 13:09

The official representative of the Russian Foreign Ministry, Maria Zakharova, said in a briefing that it was not the Russian Federation that betrayed Armenia,...

McCarthy’s resignation could hurt Ukraine’s finances 13:08

Zhuravleva, senior researcher at the Institute of World Economy and International Relations (IMEMO RAS), believes that Kevin McCarthy's resignation from the post of Speaker...

One of the largest private gas station chains voluntarily lowered fuel prices 13:06

Neftemagistral, one of Russia's largest independent gas station chains, has voluntarily reduced fuel prices. In this respect reports Federal Antimonopoly Service.As FAS noted,...

Why doesn’t Sergio Canales play against Monterrey vs Puebla, on matchday 11 of the Apertura 2023 of the MX League?

Sergio Canales will be out of action for the match against Puebla on matchday 11.The bad news doesn't stop there for him Monterrey Football...