Commenting on the American anti-inflation law, which has caused discontent among European politicians, American investor Jim Rogers said that the tension between the USA and Europe will increase on the backdrop of the EU’s economic problems. It has been reported DEA News.
According to the investor, the anti-inflation law will cause more tensions within the EU and also between States and Europe.
“Many Europeans are unhappy. Now they don’t know why they have to suffer. They’re looking for someone to blame and they’re going to blame the United States,” Rogers said.
He added that there is no need to talk about the cooperation of Western allies. The investor stressed that if the conflict in Ukraine is over, grain and energy prices will fall, which will lead to a decrease in tension in Europe.
Dookgeun Ahn, Former Trade Minister of South Korea declarationHe said his country should jointly respond to the US Inflation Reduction Act (IRA) with the European Union.
According to him, Seoul and Brussels could cooperate with Washington to minimize the “discriminatory effect” of the law. At the same time, the official acknowledged that making changes to the IRA in the short term can be a very difficult task.
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.