Associated Press' Article on the budding Trade War between the US and Europe |
So the United States (US) and Europe waged an Economic War by using Sanctions on Russia after Russia started its Military Action in Ukraine early this Year of 2022.
However, those Sanctions also severely affected their own Economies as well, like in the US for example where their Inflation Rate started to rise a lot. As a result, Americans were dissatisfied and voted US Senile President Joe Biden’s Democratic Party out of the Majority of the US House Representatives in the recently concluded Elections there.
Bye-Biden now goes into Panic Mode and wants to implement an “Inflation Reduction Act”, a Law that will subsidize US Companies and help minimize or stop the rise of Inflation in the US.
But Europe says that such action will favor too much US Companies and negatively affect their own Industries also. They are so against it that they are now planning a "Trade War" against the US if Biden pushes thru with it.
So ... 'LABU-LABONG KARAMBOLA NA' (It’s a Free for All Now)!!!! 🤣
SOURCE: EU, US edging toward Trade Spat when both want Unity Instead {Archived Link}
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