EU Official: Green Deal Is About Economic Protectionism
“We’re not doing this for the planet,” one top Eurocrat admitted.
“We’re not doing this for the planet,” one top Eurocrat admitted.
Australia backed off the deal after failing to secure EU commitments to bring down the trade barriers on meat and sugar exporters.
If and how Europe deals with reducing its reliance on China is a defining issue of the decade, as a new EU strategy launched this week envisions greater controls on foreign investments into the bloc and the flow of technology.
Carbon tariffs are a keystone of the EU’s “Fit for 55” package, but they may also herald a new era of protectionism and put strain on geopolitical relations.
Against a widening EU schism and pressure from Washington to minimise ties, von der Leyen articulated a cautious approach to future EU-Chinese relations.
Protectionism from America has sent European manufacturing into crisis mode, seen in the proposal of the Net-Zero Industry Act.