The Bruegel think tank published, on Monday 27 February, a paper suggesting several ways for the EU to respond to the US Inflation Reduction Act (IRA). For Bruegel, the EU should not replicate the IRA model, which does not comply with World Trade Organization (WTO) rules.
The EU should refrain from setting local content requirements (LCRs) in its funding programmes, according to the think tank. It explains that this could in particular harm the interests of European exporters, as...