Implementing the REPowerEU Action Plan”. REPowerEU funding is expected to be dedicated mostly to direct and indirect public investment. 22. See European Commission (2020), “Shaping the digital transformation in Europe”, report prepared by DG Communications Networks, Content and Technology, September. 23. See, among others, Beetsma, R, Cimadomo, J. and van Spronsen, J.
At only slightly higher prices than prevail at present, U.S. imports of textiles, light manufactures, assembled computers, toys, and similar products would in part shift from China as the final assembler to other emerging-market economies in Asia and, perhaps, in Latin America as well. Few, if any, American jobs would be protected.