Reuters
Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act
The U.S. and the EU have so far sought to be conciliatory about the bill, saying last week they would seek to tackle the bloc’s concerns about the package, known as the U.S. Inflation Reduction Act. EU members worry the $430 billion bill, with generous tax breaks for U.S. companies, may disadvantage European companies from car manufacturers to makers of green technology. Officials from both sides are due to address the issue at a meeting next week, but Bernd Lange, the chair of EU parliament’s trade committee, said he no longer expects a negotiated solution as only small changes could still be agreed through talks.
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