Chinese and American firms denounce Brussels’ push to favour EU firms

Looking back we will thank the Trump administration for their blunt honesty. Finally, European politicians are waking up to the reality that the US were never really our friends in the first place. Took them long enough.

In China you can't even found a company as a European, you always need a Chinese partner that would own the majority of your joint venture (the only fully foreign owned subsidiary in China is Tesla, btw, it's the only exception). The whole country is a closed, China-only shop, and the US is just in the process to build its own China-like firewall around its country. What double standards ...

Addition: China's Xi affirms 'no limits' partnership with Putin in call on Ukraine war anniversary but China urges EU to stop discrediting China after Russia sanctions

So China and US are totally entitled to push and favor their own companies but EU better don't dare to do the same.

Hypocrites

https://en.m.wikipedia.org/wiki/Buy_American_Act

https://en.m.wikipedia.org/wiki/Buy_America_Act

“Restricting access for trusted partners would slow down industrial decarbonisation, increase costs and reduce the efficiency of the clean transition,”

You're very close to figuring it out

Oh how the tables have turned. 😀