Today news
About the same in other media
U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China
Reading now: 931
WASHINGTON—The U.S. and Europe agreed Friday to new steps aimed at resolving a spat over subsidies for clean-energy technology, an effort to preserve a trans-Atlantic relationship that had strengthened following Russia’s invasion of Ukraine.
Since Congress passed the climate and healthcare law called the Inflation Reduction Act last year, European officials have complained loudly about provisions that they fear disadvantage their own industries. They have taken aim at U.S. subsidies for electric vehicles that impose new requirements on the source of the materials used in the vehicles, as well as a wider range of tax incentives that officials believe could draw investment out of Europe and into the U.S.
Read more on wsj.comAbout this in other media
Economy Week Ahead: U.S. Inflation and Retail Sales in Focus wsj.com /1 year ago
Economy Week Ahead: U.S. Inflation and Retail Sales in Focus wsj.com /1 year ago
The TikTok wars – why the US and China are feuding over the app theguardian.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
