Explainer: Why the U.S. Inflation Reduction Act has Europe up in arms

United States News News

Explainer: Why the U.S. Inflation Reduction Act has Europe up in arms
United States Latest News,United States Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy package.

Although neither side wants to rekindle trade tensions that damaged transatlantic relations during the Trump administration, the head of the European Parliament's trade committeea negotiated settlement would only yield small changes, and that Europe should file a complaint at the WTO.

While not as vocal about the possibility for a massive subsidy programme, Germany has shown interest in supporting European industry, although its coalition-led government is far from united about how to do so. European governments can also pool resources to subsidise cross-border projects deemed to be in the broader EU interest, but getting such initiatives approved by the European Commission can often prove long and complicated.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why DFW real estate investors shouldn't sleep on 1031s, Inflation Reduction Act - Dallas Business JournalWhy DFW real estate investors shouldn't sleep on 1031s, Inflation Reduction Act - Dallas Business Journal“The market has been pretty hot – and you’re starting to see a cool down now because rates have gone up – but most of these owners are probably sitting on a significant gain when they sell, unless of course, they enter into a 1031.”
Read more »

Lawmaker says EU should complain to WTO over U.S. Inflation Reduction ActLawmaker says EU should complain to WTO over U.S. Inflation Reduction ActThe European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States' green energy subsidy package, the head of the European Parliament's trade committee was reported as saying on Sunday.
Read more »

Explainer: Why U.S. airline pilot wages are outpacing global risesExplainer: Why U.S. airline pilot wages are outpacing global risesDelta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines and American Airlines .
Read more »

Californians reluctant to cash in their inflation-relief debit cards: Here's whyCalifornians reluctant to cash in their inflation-relief debit cards: Here's why'Who made the decision from our government in Sacramento? They couldn't find a decent bank in California?' asked one frustrated Californian who refused to activate his Middle Class Tax Refund debit card and instead requested a check.
Read more »

EXPLAINER: Deaths of 4 Idaho students fuel online sleuthsEXPLAINER: Deaths of 4 Idaho students fuel online sleuthst’s been nearly three weeks since four University of Idaho students were found stabbed to death, riling up thousands of would-be armchair sleuths, many of whom are posting speculation and unfounded rumors online.
Read more »

EXPLAINER: Congress is acting on gay, interracial marriageEXPLAINER: Congress is acting on gay, interracial marriageLegislation that ensures same-sex and interracial marriages are recognized as legal unions appears headed for final approval and President Joe Biden’s signature
Read more »



Render Time: 2025-02-14 20:48:48