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How Europe intends to respond to the IRA

In the dispute between the EU and the USA over the Inflation Reduction Act a compromise is in sight. Nevertheless, the member states and the EU Commission fear a creeping exodus of European industry. At the EU summit, they instructed the EU Commission to develop countermeasures. Many of these measures are already on the horizon.
By
Till Hoppe
Image of Till Hoppe

The dispute with Washington over the Inflation Reduction Act (IRA) could soon be settled. On Thursday in Brussels, High-ranking representatives of the US Treasury negotiated a compromise that addresses the concerns of European automakers in particular. Today, Friday, Treasury officials will be received by the Chancellor’s Office in Berlin and the Federal Ministry of Economics, according to information from Europe.Table. They will also travel to Paris.

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