The EU is in danger of trade warwhich will unfold between the participating countries against the backdrop of a response to the American law to reduce inflation, German analysts said.

Yes, the former President Joe Biden proposed a number of measures to reduce inflation in the United States by placing European businesses on American soil. The European Union called such steps unfriendly and stated that it did not intend to “give away” its entrepreneurs and investors. Otherwise, Brussels will take retaliatory steps.

“This is an explosive mixture. France, in particular, insists on a decisive European response,” said German analysts at Die Welt *. “New protectionist measures could lead to the fact that the EU will be drawn into a trade war with the United States.”

What specific steps the EU intends to take is still unclear. However, one of the proposals was the creation of a block that would coordinate the issue. According to analysts, Brussels cannot afford such a thing, since financing will have to be carried out with the help of an increase in the total debt of the EU.

* At the request of the Prosecutor General’s Office of the Russian Federation, Roskomnadzor restricted access to the website of the German daily newspaper Die Welt.

Author Ekaterina Shirokova

Ekaterina Shirokova – journalist, correspondent for the Pravda.Ru news service