Tax credits for EU electric vehicles to dominate U.S. trade talks

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Tax credits for EU electric vehicles to dominate U.S. trade talks
France Dernières Nouvelles,France Actualités
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Top European Union officials are aiming to be more vocal at a trade meeting with their U.S. counterparts on Monday in their criticism of President Joe Biden's climate law that would cut off the bloc's electric vehicles from U.S. tax credits.

and other North American-made EVs, which the 27-country bloc fears will significantly hurt European automakers.

The TTC has focused in its first two meetings on regulatory co-operation and presenting a united front against China's non-market economic practices.said he and German economy minister Robert Habeck have started talks with their U.S. counterparts on exemption for all EU-made green products. But he also said the EU needed its own equivalent of the IRA.

The dispute threatens to overshadow the agenda of the TTC meeting on the University of Maryland campus in College Park, Maryland, U.S. and EU officials said.

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