In Davos, Schulz criticizes the “protectionism” of the United States over its subsidy programme

In principle, the use of the United States is welcomedGovernment To protect the climate, Schultz said Wednesday at the World Economic Forum in Davos. But this should not “lead to discrimination against European companies,” he continued. “Protectionism hinders competition and innovation and harms climate protection.”

the Government by the President of the United States Joe Biden Big plans Subsidies For example in the form of tax breaks for the purchase of electric cars or for the expansion of renewable energies. in European Union There is sharp criticism because the money is highly tied to production in the United States. European UnionThe Commission and the Federal Government denounce this as “discrimination” against European companies.

talks with the United StatesGovernmentTo make exceptions for European UnionCompanies have been slow so far. Recently, there have been increasing calls that European Union It had to follow suit with its subsidy program in order to prevent production from migrating to the United States. Schulz has so far rejected this.

He reiterated in Davos that he would continue to focus on dialogue: “We and them European Union– Members, talk to our American friends about it European UnionThe level “what can be done to improve investment conditions” will also be examined.