AMSTERDAM: France and the Netherlands are aligned in relation to the methods the European Union may take care of the “unintended penalties” of the US Inflation Discount Act, Dutch Prime Minister Mark Rutte mentioned on Monday after a gathering with French President Emmanuel Macron.
“Now we have agreed to first look carefully on the funds already out there within the EU,” Rutte mentioned, referring to the dialogue whether or not the EU wants contemporary funds to help industries that may very well be hit by protectionist US insurance policies.
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“And we’ve to see what the EU can do to ensure it’s handled the best way Mexico and Canada are handled, to resolve the unintended penalties on the facet of the US”
Rutte added it may additionally make sense for the EU to loosen state support guidelines for focused industries similar to inexperienced expertise “in ways in which help the interior market.”