Ursula von der Leyen has cautioned that establishing a “Made in Europe” priority in public contracts is a “fine line to walk” ahead of an informal summit of European Union leaders where the contentious issue is expected to be firmly on the agenda.
European preference is an essential tool in key areas that will help bolster Europe’s manufacturing base. The European Commission president stated in Strasbourg on Wednesday morning that it can promote the expansion of European production capabilities and help establish lead markets in such industries.To be clear, though, it’s a narrow line to walk’, she continued. “A one-size-fits-all approach does not exist. For this reason, each suggestion needs to be supported by solid economic research and adhere to our global commitments.
Von der Leyen’s circumspect support for Made in Europe is indicative of the contentious character of the idea, which has gained traction in EU politics in the face of aggressive Chinese trade tactics, harsh US tariffs, and economic stagnation.With a €90 billion loan to support Ukraine and a €150 billion initiative to increase defence spending, the bloc’s public spending has skyrocketed in the past year, raising concerns that foreign businesses rather than domestic ones will gain.
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