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The United States and the EU have struggled together

The relationship between the EU and America today reminds me of families in red trouble – they smile at the camera, and act as if everything is fine, but personally, we all know, they are not satisfied.

At the recent G7 summit, there were some interesting and moving pictures of trade disputes, such as the Airbus-Boeing alliance. But at the bottom, white people remain skeptical as to whether Biden’s regime is still the only way to outwit some dangerous people. Meanwhile, Americans have become frustrated with whites for betting their money between strong transatlantic alliances or ties with China.

It doesn’t have to be this way. On the contrary, it should not be so. If the EU really wants to protect the principles of liberalism in the era of capitalism, it needs America. And if the US really wants to leave China economically in good locations like semiconductors, green batteries and electric vehicles, it needs more demand than the local market. There are a few fruits hanging here. But there is a need for real understanding and understanding on both sides.

First, white people should not miss the new American industrialization strategy, outlined last week by National Economic Council director Brian Deese, in defense. It only brings the US to align with what other developed countries and developing countries are doing as part of economic planning – creating more sophisticated strategies and using government procurement to support local workers and businesses.

Furthermore, the plan seeks to establish strong domestic and global economic strengths, among others by creating regional deployments such as semiconductors, while 75% of power is concentrated in China and East Asia, according to a recent BCG report. Almost the world’s largest semiconductor equipment – about 92% – is located in Taiwan.

Does anyone think that is a good idea given the geopolitics of the region? Europeans don’t, that’s why the EU “Digital CompassThey plan to double their share of the chip by 2030. The US $ 52bn Senate drive for the production of domestic semiconductors is the best option. But the fact is that it could take a decade or more to rebuild American factories in chips, and even then, the US needs partners to make enough resources to make it. economic status for industries like semiconductors works.

Allies such as Japan and South Korea, as well as countries such as the Netherlands, can all play a key role in rebuilding semiconductor chains. Creating less volatility – locally and in other companies – can be a positive thing in global markets. In a prosperous country, US, EU and Asian organizations have worked together to create common corporate standards so that standards and requirements can be spread across such areas as chips, green batteries, white technology and AI.

Another way for the EU and the US to reach an agreement now is to “look for solutions to their problems in democracy”, rather than in China, where white people are reluctant to take part, says Renaud Lassus, French finance minister in Washington. , as well as the author of Restoration of Democracy in America by the Good Angels of Your Culture, Tocquevillian calls for future hope in the US.

These challenges can range from anything from Big Tech rules to shared goals in climate change, perhaps even a more sophisticated thing like setting a price on carbon. Although some European countries, including Poland, are opposed, it is possible that by July, the EU could formulate a document on what can change carbon. The US has the opportunity to respond in this way with its ideas.

That’s a big promotion for managers; The bipartisan construction deal last week did not include a minimum of electricity. But that is one thing that can go hand in hand with the goal of creating climate for industrialization. In addition, we will introduce you, they are beginning to address some of China’s shared trade challenges. The loss of metals in China, for example, would not be possible if there were a real carbon footprint.

Biden officials can use the “Summit for Democracy” which the White House convenes as a starting point for the project. So far there is a good deal between the US and the EU in place as a digital secret, with Europe’s General Data Protection Regulation (GDPR) strongly promoting California’s privacy laws that will one day apply to the rest of the world. Antitrust is another area, where both parties have shared their efforts to restrict control.

One could think of more cooperation on issues such as freedom of the press, methods and techniques for creating a free digital identity, principles on how to manage creative writing and manual research, and much more.

All of this could lead to a new way of transatlantic communication, one of which was more focused on fixing domestic weaknesses and strengthening regional power than persecuting China. Both groups have so much to lose on their own.

rana.foroohar@ft.com


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