Economic Indicators
Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
2022.12.02 07:40
© Reuters. FILE PHOTO: U.S. President Joe Biden and German Chancellor Olaf Scholz attend the official welcome to the G7 leaders summit at Bavaria’s Schloss Elmau castle, near Garmisch-Partenkirchen, Germany June 26, 2022. REUTERS/Benoit Tessier/Pool
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe of losing investment.
A customs agreement for industry between the United States and European Union is better than a subsidy race, added the spokesperson at a regular government news conference on Friday.
