Who is supposed to be gaining the most amidst the Ukraine war? This is a relevant question in global politics. Profound anger rises in Europe over American subsidies that threaten to wreck European industry. This has caused a surprise impression.
The double hit of trade disruption from U.S. subsidies and high energy prices risks are turning public opinion against both the war effort and the transatlantic alliance inkly. It was only boosted when the trade begins to hit in ongoing days as its blending with the public convenience and comfort sounded imperfectly with the EU disposition.
Rejecting objections the US contradicted by saying that the rise in gas prices in Europe is caused by Putin’s invasion of Ukraine and Putin’s energy war against Europe. Exports of liquefied natural gas from the U.S. to Europe increased dramatically and enabled Europe to diversify away from Russia.
The point of tension has been Biden’s green subsidies and taxes that Brussels lets out unfairly tilt trade away from the EU and threaten to destroy European industries. Despite formal objections from Europe, Washington has so far shown no sign of backing down.
At the same time, the disruption caused by Putin’s invasion of Ukraine is tipping European economies into recession, with inflation rocketing and a devastating squeeze on energy supplies threatening blackouts and rationing this winter.
“The fact is, if you look at it soberly, the country that is most profiting from this war is the U.S. because they are selling more gas and at higher prices, and because they are selling more weapons,” one senior official told. It is nine months since the war began in Ukraine. Top European officials are furious with Joe Biden’s administration and now accuse the Americans of making a fortune from the war, while EU countries suffer.