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11/25/22

EU and US trade relations: European trade ministers gathered in Brussels today re: "discriminatory" US Inflation Reduction A'ct,

European trade ministers gathered in Brussels on Friday to discuss the "discriminatory" US Inflation Reduction Act but with just over a month to go before the legislation comes into force, there appears to be no concrete solution on the table yet.

The main issue for Europe is to ensure it doesn't enter into a trade war with the US which could splinter western unity in the face of Russia's illegal war on Ukraine.

"The Inflation Reduction Act as it stands now is quite worrisome, very worrisome, to be honest," Liesje Schreinemacher, the Dutch Minister for Foreign Trade and Development Cooperation, said upon her arrival at the Foreign Affairs Council.

Read more at: https://www.euronews.com

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