Federal Finance Minister Christian Lindner (FDP) has criticized US economic policy with regard to the US anti-inflation law – and at the same time warned of a trade war with the United States.
Christian Lindner (FDP) sees trade with the USA at risk because of the US anti-inflation law. He warns of a trade war with the United States. “The USA is our value partner, but at the same time there is an enormously protectionist economic policy,” Lindner told the “Welt am Sonntag”.
The federal government must therefore represent German interests in Washington and point out the negative consequences for the Federal Republic. Unlike the French economy, however, the German economy is closely linked to the American market. “Therefore, Germany cannot have any interest in a trade war, but must rely on economic diplomacy,” Lindner continued.
The US inflation control law provides for billions in investments in climate protection. Subsidies and tax credits are tied to companies using US products or manufacturing in the US. There is much criticism of this in Europe. French President Emmanuel Macron also raised the issue during his state visit to the United States. He warned that the law would create such disparities that many companies would no longer invest in Europe – which threatened to split the West.
Lindner, on the other hand, advocates taking the law as an opportunity “to improve our competitiveness. If you look at it clearly, you have to realize that constantly increasing EU demands on the economy in connection with energy prices are just as dangerous as the distortion of competition in the USA”. Federal Economics Minister Robert Habeck (Greens) had announced a “robust response” by the European Union to the US law.