Kalkine: Why EU is demanding rapid fix from US to green subsidy law?

European Union ministers warned on Friday that time was running out to change Washington's plans to grant consumer tax credits for U.S.-produced electric vehicles and other green products.The EU argues the $430 billion Inflation Reduction Act, to take effect in January, could make the United States a world leader in the electric vehicle market at Europe's expense. It wants an exception to be made for EU products, as has already been agreed for Canadian and Mexican goods.



 

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