Tax credits for EU electric vehicles to dominate Monday’s trade talks with U.S

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Reuters

By David Lawder COLLEGE PARK, Md. (Reuters) -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. The U.S.-EU Trade and Technology Council (TTC), a year-old transatlantic forum for dialogue, focused in its first two meetings on regulatory co-operation and presenting a united front against China’s non-market economic practices. But the 27-country bloc fears the $430-billion Inflation Reduction Act (IRA) with …

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