U.S. and Europe Gird for Trade Spat Over Washington’s Push for Domestic Investment
Europe is bracing for a confrontation with Washington over a new law that encourages businesses to invest more in the U.S., an initiative European officials say threatens the region’s economy as it teeters on the verge of a recession.
President Biden and French President Emmanuel Macron discussed the issue in Washington last week, and Mr. Biden signaled he was open to talks but made no commitment to amend the legislation. European leaders are now considering their response.
Europe is bracing for a confrontation with Washington over a new law that encourages businesses to invest more in the U.S., an initiative European officials say threatens the region’s economy as it teeters on the verge of a recession.
President Biden and French President Emmanuel Macron discussed the issue in Washington last week, and Mr. Biden signaled he was open to talks but made no commitment to amend the legislation. European leaders are now considering their response.
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