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Macron claims the US and France have agreed to "settlement" disputes over subsidies law

MADRID, 5 Dic.

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Macron claims the US and France have agreed to "settlement" disputes over subsidies law

MADRID, 5 Dic. (EUROPA PRESS) -

The President of France, Emmanuel Macron, stated this Sunday that he has agreed with his US counterpart, Joe Biden, to "fix" the consequences of US policy on subsidies, after members of the French government have criticized these economic policies.

Macron has assured that he raised his concerns with the President of the United States about the Inflation Reduction Act (IRA), a measure that promotes, for example, the production of semiconductors, and that the French president considers that they "favor the imbalance".

"We had a very good, frank and fruitful discussion (...). What we decided with President Biden is precisely to solve this problem. It is repairable," explained the French leader in an interview on the '60 Minutes' program of the CBS chain.

"My objective was to say that it is urgent to raise this problem. I did it. It was urgent to discuss it in depth (...), it is urgent to solve it. We can do it," he assured, before remarking that this state visit has had "many results positives".

The French president has asserted that the "main interest" is to protect the middle classes, both in Paris and Washington, as well as to deal with China on a commercial level. "But the result of the recent decision (the IRA law) on this push, he would say, is bad for Europe," he added.

"I think that if the result the day after the conflict is to have a weaker Europe since a large part of its industry would have been simply killed, that will not be in the interest of the American administration or society," he criticized.

Macron and Biden met last week in the first official visit to Washington by a foreign president since the start of the COVID-19 restrictions.

The visit began with an official reception at the White House in a meeting in which the two leaders wanted to claim to be allies in a global context marked by challenges from other powers such as Moscow or Beijing.