Macron seeks resolution with US over subsidy dispute in early 2023

WORLD  04 December 2022 - 00:05

French President Emmanuel Macron said he wants to resolve a dispute over industrial subsidies with the US “in the first quarter of 2023.”

Macron has joined other European Union leaders in criticizing the American Inflation Reduction Act, which they say provides an unfair advantage to North American electric-vehicle producers, Bloomberg reports.

The EU has said it may take the US to the World Trade Organization over the law. 

“We need to find a way to solve these issues and we need to be able to invest much stronger and faster,” Macron told reporters in New Orleans on Friday, a day after he discussed the issue with President Joe Biden in Washington. He added that the goal of the EU is to get an exemption from US law. 

Biden said Thursday at a joint news conference with Macron that the law “was never intended to exclude folks who were cooperating with us” but that “the US makes no apology.” He added that he saw room for tweaks to “make it easier for European countries to participate.”

Caliber.Az