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Absolutely terrible reporting. > "The Inflation Reduction Act is very worrying," said Dutch Trade Minister Liesje Schreinemacher. "The potential impact on the
by Invictus0 4y ago
Absolutely terrible reporting.
> "The Inflation Reduction Act is very worrying," said Dutch Trade Minister Liesje Schreinemacher. "The potential impact on the European economy is very big."
Which parts specifically?
> As they attempt to reduce their reliance on Russian energy, EU countries are turning to gas from the U.S. instead — but the price Europeans pay is almost four times as high as the same fuel costs in America.
Ok...? The US supplies less than 25% of the EU's energy, it's not America's fault that the EU made shitty energy policy decisions. This sentence makes it sound like America's fault.
> Then there’s the likely surge in orders for American-made military kit as European armies run short after sending weapons to Ukraine.
A 'surge'? EU countries have been far short of their commitment to spend 2% of GDP on their military for decades. So now they're complaining about needing to replace whatever aging junk they offloaded to Ukraine instead of freeloading off of Article 5.
- miguelazo 4y ago> Which parts specifically? One could start with the exclusion of electric vehicles and batteries that aren’t produced in the US from the tax credit. Effective immediately as of mid-August. Really great for VW, don’t you think? But I imagine there are many other examples.