Bloomberg Tax
Feb. 4, 2023, 8:00 AM

France Demands Transparency to Defuse Subsidy Fight With the US

William Horobin
William Horobin
Bloomberg News

French Finance Minister Bruno Le Maire will head to meetings with counterparts in Washington on Tuesday demanding more transparency from President Joe Biden’s administration on green industry subsidies, in order to avoid an escalation of transatlantic trade tensions.

Le Maire and Robert Habeck, who runs Germany’s economy portfolio, will meet with US officials including Treasury Secretary Janet Yellen as part of the European Union’s response to Biden’s Inflation Reduction Act, which includes roughly $500 billion in new spending and tax breaks over a decade.

France has been one of the most vocal critics of the landmark legislation, warning ...

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