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Economic news

Europe has nothing to answer the USA

11/22/2022

Less than a minute

2022.11.22 10:49

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Europe needs robust response to U.S. inflation reduction act - Le Maire
Europe has nothing to answer the USA

Budrigannews.com – At a joint news conference with his German counterpart Robert Habeck, French Finance Minister Bruno Le Maire stated that Europe must offer a robust response to the U.S. Inflation Reduction Act (IRA).

Le Maire stated, “Europe must defend its interests.”

The IRA bill, which provides a tax credit for each eligible component produced in a U.S. factory, is feared by European industries to deter investment from the continent.

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