The European Union is concerned about the new anti-inflation law in the United States, adopted in August. This was stated by Finance Minister Bruno Le Maire during a press conference attended by German officials, in particular, the Minister of Economy and the head of the Ministry of Finance, reports "Prime". Le Maire said the act violates equality of opportunity for manufacturers from the U.S. and the EU and threatens new trade wars.

The mentioned act extends tax benefits for imports of electric cars from Canada, equipped with batteries of U.S. manufacture. The European Union has reacted negatively to the initiative, seeing it as discriminating against electric cars from other countries. China also disapproved of the law - in September, its Commerce Minister criticized it, pointing to the U.S. obligation to follow the principle of fair competition and respect WTO rules.

According to Le Maire, Europe hopes to avoid trade wars with the United States and come to a negotiated solution; at the same time, he believes that developing an adequate response to the United States is necessary.