Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
At a meeting with Treasury Secretary Janet L. Yellen in Bali, Indonesia, last month, French finance minister Bruno Le Maire raised objections about the Biden administration’s plan to bolster America’s clean energy industry through subsidies and other preferential treatment for U.S. automakers that make electric vehicles.
Mr. Le Maire made clear that France, a key U.S. ally, viewed the policy as a protectionist move that would benefit the United States at the expense of his nation’s economy and its car industry. He was not alone in his concerns.