The European Union and United States — together responsible for one third of global trade — have been at loggerheads in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act , which passed Congress in August, promises generous subsidies and consumer tax breaks that benefit North American carmakers. So far, so good. Europe claims, however, that the act will hurt its companies selling into the US market.
Still, Georg Riekeles, associate director of the European Policy Centre, is pessimistic about the path forward. The IRA is now law, and there is little appetite to bring it back to Congress to make substantive changes, he told CNN Business. “It is doubtful answers will be found now in Washington,” he said. Free trade failure The IRA is not the first time Washington and Brussels have butted heads.
Stop whining.
I watched the interview - this headline is skewed. Macron said he was doing the same things for his country.
Did isn't there an expression you don't put the cot before the horse because the horse has to draw the car we don't build a million electric cars when you don't have an electric grid that can handle it build the electric grid first