The EU27 trade ministers, or at least most of them, their representatives, meeting in Prague on Sunday 30 and Monday 31 October, sent a clear signal to US Trade Representative Katherine Tai that they have a big problem with the US Inflation Reduction Act (IRA).
The legislation passed in August favours US, Mexican and Canadian producers in the granting of tax credits, particularly for electric vehicles (see EUROPE B13012A16, B13015A26). “It would appear that many of the green subsidies...