“Nevertheless,we will look at where it may be appropriate to make modifications or adjustments that are fair, without jeopardizing our efforts? I am confident that President (Joe) Biden is willing to consider it,” he said.
The “Inflation Reduction Act” of 420,000 million dollars launched by the US president Joe Biden foresees massive investments for ecological transitionaccompanied by generous subsidies for US products, such as electric vehicles.
The plan drew criticism in the European Union (EU)who considers it anticompetitive and as one threat to European jobsespecially in the energy and automotive sectors.
The device contains, for example, a Tax deduction for the purchase of an electric car made in the United Statesan exceptional aid that the EU considers contrary to the rules of international trade.
This issue was one of the main issues addressed by the French president, Emmanuel Macronon his recent visit to Washington.
Macron is not the first to oppose this measure. The head of government in Germanythe social democrat Olaf Schölz, had warned that the gigantic investment plan launched could cause “an enormous tariff war“by discriminating against foreign companies.
The European Union must take measures to confront the “distortions” created by the huge US investment plan for the climate transition, the president of the European Commission had warned, Ursula von der Leyen.
Source: Ambito
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