10.5 C
New York
Wednesday, March 29, 2023

President Biden to Host EU Chief to Discuss China, Climate Subsidies

President Biden to Host EU Chief to Discuss China, Climate Subsidies



Credit President Joe Biden White House Facebook

U.S. President Joe Biden will meet European Commission President Ursula von der Leyen on Friday at the White House to discuss potential sanctions against China amid concerns that Beijing is preparing to send weapons to Russia, and Europe’s frustration over Washington’s plans to subsidize American companies under the Inflation Reduction Act.

Organic Greek 28 Day Detox Best Weight Loss Slimming Tea, Detox, Cleanse, Speed up Metabolism, Lose Weight Naturally and Healthy

Biden and von der Leyen also will discuss U.S.-EU coordination to combat the climate crisis through investing in clean technology based on secure supply chains, White House press secretary Karine Jean-Pierre said in a statement.

The meeting is the latest in a flurry of high-level diplomacy with European leaders to coordinate support for Ukraine in defending itself one year after Russia’s invasion. Biden met with German Chancellor Olaf Scholz in Washington last week. Last month, he traveled to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy, then to Warsaw to visit Polish President Andrzej Duda and leaders of the Bucharest Nine.

‘De-risk this dependency’

Amid the war on Ukraine, Europe is racing to end its reliance on Russia for fossil fuels by ramping up its domestic renewable energy production. To do so, it would need more access to critical minerals such as lithium, cobalt and rare earth metals, the majority of which are processed by China.

Flickr European Parliament
Ursula von der Leyen

“China produces 98% of Europe’s supplies of rare earths,” von der Leyen said during a joint news conference with Canadian Prime Minister Justin Trudeau in Kingston, Ontario, earlier this week. “Europe needs to de-risk this dependency.”

Von der Leyen, however, has been more cautious in joining the Biden administration in warning China not to arm Moscow in its war effort. During a news conference with Scholz in Meseberg, Germany, earlier this month, she said “no evidence so far” suggested that China was doing so and that the issue of sanctions against Beijing was a “hypothetical question.”

Discriminatory subsidy

Another key topic is the Biden administration’s plan to provide American companies with $369 billion in green subsidies and tax credits aimed at cutting carbon emissions in half by 2030 under the 2022 Inflation Reduction Act, which the EU views as discriminatory. A special task force was set up in October to address these concerns and avoid a trans-Atlantic subsidy race.

Organic Greek Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ)

Biden and von der Leyen are expected to begin negotiations to allow the EU to have a status similar to that of a free trade partner so that it may be exempt from an Inflation Reduction Act clause that requires a certain percentage of minerals used in manufacturing batteries to be domestically produced or come from a free trade partner.

The EU and Canada have been working toward establishing a “green alliance” to grow respective economies that are “climate-neutral, circular and resource-efficient.” Biden is expected to coordinate on the effort in his visit to Canada later this month.

Celebrity News Update– Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a WebFans Creator and Influencer.

Watch: Japan orders H3 rocket to self-destruct, as signs of trouble emerge after liftoff

Share post:


Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.


You may like more

WTA News: Elena Rybakina charges into Miami Open semifinals

Elena Rybakina is closing in on a small piece...

NHL News: Red Wings F Robby Fabbri (lower body) out for season

Detroit Red Wings forward Robby Fabbri will require surgery...

NHL News: Senators D Thomas Chabot to miss couple of weeks

Ottawa Senators defenseman Thomas Chabot will miss a "couple...

NHL News: NHL roundup: Wings lean on David Perron, sink Penguins

David Perron scored three third-period goals to help lead...


Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.