The European Union is undergoing a challenging period, with the seemingly stable foundations of its existence threatened by tensions between its two largest economies — France and Germany.
During a recent event in Berlin, French President Emmanuel Macron warned that the EU "could die" if it continues to adhere to the traditional agenda of free trade. He believes that for the bloc's survival, it is essential to shift towards more protectionist measures to safeguard the European economy from global threats, particularly the rising competition from China and the United States.
In response, German Chancellor Olaf Scholz stated that protecting European industry should not hinder its development. Germany is preparing to vote against new tariffs on Chinese electric vehicles, reaffirming its resistance to changes that could negatively impact the economy. This standoff highlights significant disagreements between France and Germany regarding their approaches to global trade.
The situation is further complicated by the looming possibility of Donald Trump's return to power, who previously threatened Europe with new tariffs. Even under Joe Biden's leadership, the U.S. is implementing protectionist policies that pose threats to European companies. Under pressure from a rising China, Europe must make serious decisions, but consensus between the two main states in the bloc has yet to be achieved.
French Senator Ronan Le Gloannec noted that while France and Germany often go through phases of disagreement, they ultimately share a common interest in preserving the EU. However, given the current circumstances, it is difficult to predict how these two countries will find common ground.
Source: politico.
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