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US, EU Commit to Addressing Differences on Industrial Subsidies

Dec. 5, 2022, 11:59 PM

European Union and US officials committed in principle to resolving a dispute over electric-vehicle incentives that threatens to spark a trade war, without Washington making specific concessions and time running short.

The Inflation Reduction Act, which the EU says provides unfair subsidies to US manufacturers and threatens to undermine the transatlantic relationship, has caused alarm in European capitals that only eased during French President Emmanuel Macron’s visit with US President Joe Biden last week.

US officials continued the charm offensive with representatives from the European Commission on Monday at the third Trade and Technology Council meeting in College Park, ...