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U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China
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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.
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