The French president said U.S. President Joe Biden\u0027s Inflation Reduction Act would have negative repercussions for Europe. Read more.
French officials said discussions were under way with their U.S. counterparts about possible remedies that would help avoid competitive distortions in green industries such as electric cars and renewable energy. One option would be for the U.S. to add the EU to the list of countries whose products can qualify for subsidies, similar to how Mexico and Canada are treated because of existing trade agreements, the officials said.
Macron has also called on the EU to pass a so-called “Buy European Act” that would offer similar subsidies to local industries. Other countries such as Germany are less supportive of the idea. The Biden administration has defended the IRA as necessary to boost the electric cars sector and further the fight againstin the U.S., and has called on Europe to come up with its own subsidy regime in response.
On Tuesday, John Kirby, a spokesman for the National Security Council, told reporters travelling with Macron that there have already been “very productive discussions” on the IRA and that “the team here is exploring options.” He declined to say whether concrete proposals would be made during the visit, but added that the U.S. has a task force with the EU on the matter, which would continue discussions.
On Thursday, Biden and Macron will meet for talks in the morning before a joint press conference, followed by a state dinner in the evening.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French baguette given UNESCO protectionFreshly baked news: the baguette, the long, crusty loaf bread that is a delicious staple of French life, has been awarded special protected status, placing it in a culinary pantheon alongside other regional food delicacies from around the world.
Read more »
French baguette added to UNESCO heritage listThe humble baguette is being added to the UN\u0027s list of intangible cultural heritage as a cherished tradition to be preserved by humanity.
Read more »
14 per cent of employees in Quebec work principally in English, StatCan reports\u0022The proportion of workers who mainly used French at work decreased slightly compared to 2016.\u0022
Read more »
Biden, Macron ready to talk Ukraine, trade in state visitFrench President Emmanuel Macron is headed to Washington for the first state visit of Joe Biden's presidency – a revival of diplomatic pageantry that had been put on hold because of the COVID-19 pandemic.
Read more »