Berliner Boersenzeitung - Macron blasts Biden subsidies at start of US state visit

EUR -
AED 4.029728
AFN 75.48207
ALL 98.678122
AMD 426.359814
ANG 1.98545
AOA 1012.639275
ARS 1071.66059
AUD 1.613883
AWG 1.974811
AZN 1.861123
BAM 1.953783
BBD 2.224304
BDT 131.644087
BGN 1.956245
BHD 0.413273
BIF 3196.100251
BMD 1.097117
BND 1.429924
BOB 7.612141
BRL 5.985648
BSD 1.101663
BTN 92.439563
BWP 14.571955
BYN 3.605178
BYR 21503.499151
BZD 2.220507
CAD 1.490226
CDF 3149.823807
CHF 0.941908
CLF 0.036753
CLP 1014.120826
CNY 7.700112
CNH 7.788656
COP 4569.734935
CRC 571.410059
CUC 1.097117
CUP 29.073609
CVE 110.151277
CZK 25.339892
DJF 196.167471
DKK 7.455428
DOP 66.2516
DZD 146.286969
EGP 53.050419
ERN 16.45676
ETB 131.788138
FJD 2.427317
FKP 0.83552
GBP 0.836108
GEL 3.00636
GGP 0.83552
GHS 17.428007
GIP 0.83552
GMD 75.700945
GNF 9511.180376
GTQ 8.524199
GYD 230.472054
HKD 8.520751
HNL 27.392719
HRK 7.459313
HTG 145.25004
HUF 401.425311
IDR 17191.828148
ILS 4.184301
IMP 0.83552
INR 92.188627
IQD 1443.11009
IRR 46194.123705
ISK 148.911989
JEP 0.83552
JMD 174.070285
JOD 0.777308
JPY 163.12601
KES 141.528269
KGS 92.923696
KHR 4471.383611
KMF 492.550804
KPW 987.404951
KRW 1477.674246
KWD 0.33608
KYD 0.918052
KZT 532.030716
LAK 24325.885236
LBP 98650.550251
LKR 323.545962
LRD 212.610495
LSL 19.24603
LTL 3.239502
LVL 0.663635
LYD 5.253576
MAD 10.775375
MDL 19.328045
MGA 5045.790576
MKD 61.556447
MMK 3563.394206
MNT 3728.004548
MOP 8.809505
MRU 43.612973
MUR 51.00448
MVR 16.840387
MWK 1910.227824
MXN 21.158165
MYR 4.66
MZN 70.094909
NAD 19.24603
NGN 1818.866671
NIO 40.538147
NOK 11.710603
NPR 147.9033
NZD 1.781353
OMR 0.422423
PAB 1.101663
PEN 4.103763
PGK 4.38747
PHP 61.795137
PKR 305.700985
PLN 4.317485
PYG 8587.134388
QAR 4.016653
RON 4.980249
RSD 116.898311
RUB 105.002135
RWF 1492.559038
SAR 4.121081
SBD 9.082719
SCR 16.467941
SDG 659.908171
SEK 11.382164
SGD 1.431406
SHP 0.83552
SLE 25.066171
SLL 23005.995657
SOS 629.550034
SRD 34.228251
STD 22708.113114
SVC 9.639048
SYP 2756.540069
SZL 19.238138
THB 36.566868
TJS 11.732287
TMT 3.850882
TND 3.369921
TOP 2.56956
TRY 37.582949
TTD 7.471286
TWD 35.45771
TZS 2984.159458
UAH 45.353875
UGX 4039.829161
USD 1.097117
UYU 46.072433
UZS 14035.509325
VEF 3974365.068759
VES 40.581524
VND 27175.59561
VUV 130.25197
WST 3.069145
XAF 655.280469
XAG 0.034105
XAU 0.000414
XCD 2.965014
XDR 0.819254
XOF 655.280469
XPF 119.331742
YER 274.609166
ZAR 19.185998
ZMK 9875.368615
ZMW 29.000059
ZWL 353.271324
  • BCC

    0.6100

    138.9

    +0.44%

  • SCS

    0.3500

    12.97

    +2.7%

  • CMSD

    -0.0770

    24.813

    -0.31%

  • RELX

    -0.3200

    46.29

    -0.69%

  • RIO

    -0.1300

    69.7

    -0.19%

  • NGG

    -0.4700

    66.5

    -0.71%

  • RYCEF

    0.0000

    6.98

    0%

  • RBGPF

    58.9400

    58.94

    +100%

  • CMSC

    -0.0400

    24.7

    -0.16%

  • JRI

    -0.0200

    13.28

    -0.15%

  • BCE

    -0.1300

    33.71

    -0.39%

  • AZN

    -0.4600

    77.47

    -0.59%

  • VOD

    -0.0300

    9.66

    -0.31%

  • GSK

    0.4500

    38.82

    +1.16%

  • BP

    0.4200

    32.88

    +1.28%

  • BTI

    0.1800

    35.29

    +0.51%

Macron blasts Biden subsidies at start of US state visit
Macron blasts Biden subsidies at start of US state visit / Photo: Brendan Smialowski - AFP

Macron blasts Biden subsidies at start of US state visit

France's President Emmanuel Macron fired an undiplomatic volley at his American hosts on the first day of a rare state visit to Washington, telling lawmakers Wednesday that US industrial subsidies are "super aggressive" against French competitors.

Text size:

"This is super aggressive for our business people," an AFP reporter heard Macron tell members of Congress and business leaders, who had invited him to lunch ahead of the main part of the state visit on Thursday, when the French leader will spend most of the day with President Joe Biden.

Macron was referring to Biden's signature policy called the Inflation Reduction Act, which is set to pour billions of dollars into environmentally friendly industries -- with strong backing for US-based manufacturers.

The White House touts the IRA legislation as a groundbreaking effort to reignite US manufacturing and promote renewable technologies, but European Union governments are crying foul, threatening to launch a trade war by subsidizing their own green economy sector.

Macron's blunt assessment, saying he just wanted "to be respected as a good friend," tore some of the veneer off a carefully choreographed state visit intended to celebrate historic US-French ties -- and also tackle the trickier parts of the US-EU transatlantic alliance.

Macron warned that the United States championing its own industry under the IRA will "kill a lot of jobs" in Europe and it may "perhaps fix your issue but you will increase my problem."

- Space talk -

Earlier, Macron joined Vice President Kamala Harris at the NASA facility in Washington to discuss cooperation in space.

"France is a vital ally to the United States and this visit demonstrates the strength of our partnership, our friendship..., one that is based on shared democratic principles and values," Harris told Macron.

Macron stayed in the high-tech sphere later with a meeting on civilian nuclear energy. His busy schedule, which also included a working lunch to discuss biodiversity and clean energy, and a visit to the historic Arlington National Cemetery, illustrated the ambitions set for the trip -- the first formal state visit by a foreign leader to Washington since Biden took office nearly two years ago.

The core of the visit will be on Thursday, including a White House military honor guard, Oval Office talks with Biden, a joint press conference and a banquet where Grammy-award-winning American musician Jon Batiste will perform.

- EU-US tensions -

Trade tensions, however, are only part of the uncomfortable flip side to the red carpet occasion.

Another gripe in Europe is the high cost of US liquid natural gas exports -- which have surged to help compensate for canceled Russian deliveries.

White House National Security Council spokesman John Kirby told reporters that the US side wants to defuse tensions, promising "transparent, forthright" discussions.

"We certainly will stay open to listening" to the EU concerns, he said.

There is also divergence on how to deal with the rise of superpower China. The question -- with Washington pursuing a more hawkish tone and EU powers trying to find a middle ground -- is unlikely to see much progress.

"Europe has since 2018 its own, unique strategy for relations with China," tweeted French embassy spokesman Pascal Confavreux in Washington.

Kirby said China will be "very high on the agenda" this week but stressed that both countries share a broad approach.

"We believe that not only France, but every other member of the G7 -- frankly, our NATO allies too -- see the threats and challenges posed by China in the same way."

 

At the White House, however, a senior official said the main goal of the state visit is to nurture the "personal relationship, the alliance relationship" with France -- and between Biden and Macron.

(S.G.Stein--BBZ)