Washington could reduce the effects of its anti-inflation law on Europeans

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Washington could reduce the effects of its anti-inflation law on Europeans

Joe Biden and Emmanuel Macron hug outside the White House.

Joe Biden and Emmanuel Macron have is making “major progress” in discussions regarding the impact of the US Inflation Reduction Act (IRA) in Europe, a source in France's Ministry of Foreign Affairs said late Thursday. Finance.

The U.S. administration could use IRA enforcement orders to to give European allies the same level of local content exemption as countries that have entered into a free trade agreement, the source added.

The US President had indicated earlier in the day that the laws encouraging by heavy subsidies the production in the United States of semiconductors or renewable energies were not intended to harm Europeans and could be modified so that & #x27;they can take their share.

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