This expansive incentive plan crafted by the United States, aimed at curbing inflation, currently stands at a massive 370,000 million dollars. It prioritizes green investments and supports companies based within its own region. Within EU leadership, tension persists as heads of state and government struggle to align on protecting European industry while facing American subsidies that risk eroding European competitiveness. The looming questions are whether Europe should wage a domestic subsidy war and engage in a broader trade battle with the United States. In response, EU leaders are convening this Thursday. The European Commission plans to present proposals before the end of January to mobilize all national and European instruments and to strengthen the EU investment framework (EU sources). (source attribution: European Commission)
