Business·29.04.2026AI özeti EU Unveils 'Made in Europe' Framework Under Industrial Accelerator Act to Strengthen Domestic Manufacturing
The European Commission has unveiled the Industrial Accelerator Act, introducing 'Made in Europe' requirements that tie public funding to local production thresholds of up to 70% for electric vehicles and 25% for aluminium and cement. The law imposes conditions on foreign firms including a 49% ownership cap and requirements for joint ventures with European partners. The policy responds to approximately 200,000 job losses in energy-intensive industries and automotive sectors since 2024, with projections of up to 600,000 additional job losses in car manufacturing. China has warned of WTO violations and potential countermeasures, raising concerns of a new global trade confrontation.