Reuters reported that US Trade Representative Ms Katherine Tai said that United States has placed the highest priority on addressing European Union fears that the US green subsidies law will lure clean tech businesses to United States at Europe’s expense. Ms Tai told a briefing of reporters ahead of a meeting with EU counterpart Mr Valdis Dombrovskis that “The task force is working intensively. The issues are complicated and important, both for US EU relations and to address the climate crisis. In terms of the task force’s work what I would say is, it’s ongoing, it really has the highest priority placed on it from President Biden himself.”Mas Tai added “The United States is not seeking to create its own fully domestic supply chain and wanted to create complementary trading policies with allies.”The European Union has expressed serious concerns about the USD 369 billion of investment to tackle climate change in the US Inflation Reduction Act, which entered force this year. Much of the investment, in the form of subsidies, applies only to local content.
Reuters reported that US Trade Representative Ms Katherine Tai said that United States has placed the highest priority on addressing European Union fears that the US green subsidies law will lure clean tech businesses to United States at Europe’s expense. Ms Tai told a briefing of reporters ahead of a meeting with EU counterpart Mr Valdis Dombrovskis that “The task force is working intensively. The issues are complicated and important, both for US EU relations and to address the climate crisis. In terms of the task force’s work what I would say is, it’s ongoing, it really has the highest priority placed on it from President Biden himself.”Mas Tai added “The United States is not seeking to create its own fully domestic supply chain and wanted to create complementary trading policies with allies.”The European Union has expressed serious concerns about the USD 369 billion of investment to tackle climate change in the US Inflation Reduction Act, which entered force this year. Much of the investment, in the form of subsidies, applies only to local content.
