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The threat of a transatlantic trade war is dominating Davos



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Trade tensions between the EU and the US are dominating the talk in Davos.Anadolu Agency | Anadolu Agency | Getty ImagesDAVOS, Switzerland — It’s the talk of the town. Transatlantic trade tensions are dominating conversations at the World Economic Forum this week.On the one hand, European officials are saying they will come up with more financial support for European firms.On the other hand, the business community is excited about green subsidies stateside and argue the EU needs to match what the U.S. administration is doing.Ultimately, the pressure is on the European institutions — but the question is how far are they willing to go?How we got here “It is a big elephant in the room … it has shaken up the European Union, the discussion between politicians, civil society and even industry,” Ilham Kadri, CEO of Solvay, a chemicals company headquartered in Belgium, said during an event in Davos on Tuesday evening.”The reality is that the Biden administration incent …

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