France-United States: strategic allies, economic rivals
by Pascal Boniface
Emmanuel Macron has just completed a state visit to the United States of which everyone, both on the American and French side, is pleased with the success. In the entourage of the French president, it is put forward that it was a state visit, therefore of primary importance in the protocol order. France also highlights that this was the first state visit by a foreign head of state to the United States since Biden's election, demonstrating the good relationship between the United States and France. . But it is always embarrassing to note that European countries systematically boast of being Washington's favorite, when the United States never boasts of maintaining good relations with a European country. This testifies to a recognition, on the part of Washington, of the peripheral status of European countries in relation to the United States. Sumptuous dinner in the gardens of the White House, successful visit to New Orleans to highlight the French-speaking world, celebration of unity against Russia in Ukraine… Some unfortunate subjects were nevertheless on the program, particularly on the economic level. . There was indeed talk of the US plan called the Inflation Reduction Act amounting to 370 billion dollars aimed at supporting the greening of the US economy, which, in the words of Emmanuel Macron, is “hyper-aggressive”. We can only be pleased that the United States is greening its economy. Moreover, at first, the President of the European Commission Ursula von der Leyen congratulated the United States for embarking on such a plan. But very quickly, France, Germany and European countries in general realized that this plan risked having extremely negative consequences on a European industry already in bad shape. Indeed, industrialists, regardless of their nationality, can recover up to 40% of their investment if they invest in the United States or in countries that have free trade agreements with them, namely Mexico. and Canada. The great fear of Europeans, exacerbated by the fact that the continent is already experiencing an economic crisis due to rising energy costs, inflation and an industry that is generally not doing very well, rests on the fact that American industrialists present in Europe can return to the United States to benefit from this aid, and even more so that European industrialists drop their investments in Europe to direct them to the United States. Some big names in European industry, particularly Germany, have already threatened to do so, also because of the extremely attractive cost of energy in the United States. Emmanuel Macron made very strong statements on this subject before his visit. This would have, according to him, allowed him to be heard by the American president. Heard okay, but not sure he was listened to. Joe Biden has indeed said that the United States does not apologize, that he does not apologize. He made no concessions to the demands of European politicians. Emmanuel Macron did not return with any tangible results. In the interview he gave to Le Parisien on Sunday December 4 on the plane that brought him back to Paris, Emmanuel Macron declared that American officials had told him that their objective was not to weaken European industry. If the goal is not this, it could be the result. Let's hope that this trip will have at least made it possible to awaken European consciences in the face of this danger for their economies. Once again, Europeans are lagging behind American decisions. Emmanuel Macron declared that for the moment no European voice had been raised against this American law. He is right, but we must now take action and not be content with good words, as was the case after the AUKUS affair. Joe Biden then assured Macron during a reconciliation meeting in Rome that the Americans would not do it again. France, which had recalled its ambassador to Washington, then sent him back. Not much had happened then. France and Europe cannot simply be satisfied with comforting, even anesthetic words from the Americans if they are not accompanied by concrete gestures and positive results. In reality, the United States defends its national interests, they are right to do so. Not acting in the same way, because divided and paralyzed, it is the Europeans who are at fault. There is not a “Buy European Act” like there is a Buy American Act. China on the one hand, the United States on the other really defend their interests, Europe does not. When France evokes the idea of defending the national interest against the United States, Paris is quickly accused of anti-Americanism. On the other hand, the United States is not accused of anti-Europeanism when it defends its national interest vis-à-vis Europe. Joe Biden is on the way to achieving what Donald Trump wanted to do, but he is doing it slowly. Donald Trump banged on the table, threatened and insulted, Joe Biden speaks in a soft and calm voice and assures Europeans of his friendship. We have often heard that it is time to get out of naivety about Russia or China. It may also be time to do it with regard to the United States because through such legislation they are not treating Europe as an ally. If the transatlantic strategic alliance is undeniable, especially in the face of Russian aggression in Ukraine, the relationship remains, from a commercial and economic point of view, a competition. With this plan, this competition is no longer quite fair from the United States. It is essential to be aware of this in Europe. From a strategic point of view, the Europeans are paralyzed by the Russian military threat, they think that only the United States can defend them against this threat and that it is worth some concessions. But in fact, there is no major Russian military threat to European Union member countries. Indeed, Russia is proving unable to conquer the Donbass as a whole, and fails to control the territories it has illegally annexed. This makes the prospect of an attack on Western Europe difficult to envisage. The Russian military threat is therefore certainly to be put into perspective. It is not a question of doing so regarding the aggressive intentions of Vladimir Putin, but of measuring this threat from a capability point of view. If this military threat is more supposed than real, then this does not imply neglecting European economic and commercial interests to benefit from American protection. Emmanuel Macron therefore issued a warning cry. Now we have to take action.