BRUSSELS, March 12 – European officials are calling on Washington to recognize the European Union as a collaborative partner rather than part of the problem when addressing global manufacturing imbalances, following the Biden administration’s decision to investigate alleged unfair trade practices involving the EU and 15 additional nations.
According to a European Commission representative, Brussels shares Washington’s worries about excessive production capacity worldwide, but maintains that Europe is not contributing to these structural issues.
“The EU is a market-driven economy with open markets and transparent policies. As such, the EU does not consider itself a contributor to structural excess capacity, but rather a partner in addressing global distortions,” the spokesperson said.
The statement comes as tensions between traditional allies continue over international trade policies and economic competition from other global powers.
