While the US has been able to communicate its flexibility on one part of the Inflation Reduction Act (IRA) that will benefit European producers (see EUROPE B13091A11), Europeans are concerned about other elements of the Act and the potential relocation of companies to take advantage of US support. These concerns are being felt in all three EU institutions in recent weeks, as the European Commission is due to submit proposals to support the industry.
A second set of guidance on the...