EU Urges US to View It as Ally, Not Adversary, in Manufacturing Overcapacity Fight

The European Commission has called on the United States to view the European Union (EU) as an ally rather than a cause of global manufacturing overcapacity. This statement comes after the U.S. administration initiated investigations into the trade practices of the EU and 15 other parties.

An EU Commission spokesperson highlighted that the EU understands the United States' concerns about structural overcapacity within the global economy. However, they emphasized that the root cause of this overcapacity does not originate in Europe.

According to the spokesperson, the EU operates as a market-driven economy characterized by open markets and transparent policies. Thus, the EU sees itself not as a contributor to excess capacity but as a collaborator in addressing worldwide economic distortions.