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Europe Daily Bulletin No. 13071
EXTERNAL ACTION / United states

US inflation reduction act, EU27 say subsidy race must be avoided

Today we agreed that this issue must be resolved quickly and effectively. It is necessary to avoid a subsidy race that would disrupt our relationship”, said Czech Trade Minister Jozef Síkela on Friday 25 November. He chaired a meeting with his European counterparts in Brussels, where the relationship with the United States and their Inflation Reduction Act were the predominant topics (see EUROPE B13060A28, B13054A02).

The trade ministers, speaking to the press, expressed similar fears...

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