Ursula von der Leyen Pushes Made in EU Rules to Rival US and China

Ursula von der Leyen and Stéphane Séjourné introduced the Industrial Accelerator Act to boost the industrial share of EU GDP to 20% by 2035.The plan implements "Made in Europe" requirements for public contracts and subsidies to protect local manufacturing against China and the US.New regulations mandate 70% local content for electric vehicles and restrict foreign ownership to 49% for companies from dominant global markets.Ebba Busch warned that these measures could create a disaster by increasing bureaucratic complexity and raising prices for European consumers.