Tax credits for European EVs to dominate trade talks with U.S.

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Tax credits for European EVs to dominate trade talks with U.S.
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'The Inflation Reduction Act will be part of the range of discussions on trade,' a spokesperson for the White House National Security Council said.

French Finance Minister Bruno Le Maire 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 topic is on the agenda of the TTC meeting on the University of Maryland campus in College Park, Maryland, U.S. and EU officials said. The draft document, which was seen by Reuters and may still be revised, did not set out specific measures. The U.S. side was"committed to continuing to understand EU concerns" through a newly established task force, the spokesperson said.

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