French President Emmanuel Macron isn't hiding his displeasure with aspects of Biden's signature climate law that Macron said will have an enormous negative impact on European companies.
Biden is set to honor Macron with the first state dinner of his presidency on Thursday evening. First, the two leaders will sit down in the Oval Office for morning talks that officials from both sides said were expected to largely center on the leaders’ efforts to stay united in their response to Russia’s war in Ukraine and to coordinate their approach to an increasingly assertive China.
"The choices that have been made ... are choices that will fragment the West," Macron said at the French embassy. He added that the legislation "creates such differences between the United States of America and Europe that all those who work in many companies , they will just think, ‘We don’t make investments any more on the other side of the Atlantic.’"
The European Union has expressed concern that tax credits in the climate law, including those aimed at encouraging Americans to buy electric vehicles, would discriminate against European producers and break World Trade Organization rules. Macron had planned to make his case to U.S. officials against the subsidies, underscoring that it’s crucial for "Europe, like the U.S., to come out stronger ... not weaker" as the world emerges from the tumult of the pandemic and Russia’s invasion of Ukraine, according to a senior French government official who briefed reporters on the condition of anonymity to preview the private talks.
Macron’s latest blunt comments come after he raised eyebrows earlier this month in a speech at a summit in Bangkok. He referred to the U.S. and China as "two big elephants" that are the cusp of creating "a big problem for the rest of jungle." His visit also comes as both Washington and Paris are keeping an eye on China after protests broke out last weekend in several mainland cities and Hong Kong over Beijing’s "zero COVID" strategy.
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