Brussels Efforts to defuse the transatlantic subsidy dispute are a race against time. By the end of this year, the U.S. government must decide how to implement the Inflationary Reduction Act (IRA), its flagship program for the green transition. Europeans welcome but fear US action on climate change Their institutions are systematically backward.
Crisis talks between Brussels and Washington have been ongoing for weeks. Now, as the deadline approaches, a solution is emerging. The U.S. government is considering making concessions to Europeans in two areas, Handelsblatt learned from negotiating sources: electric cars and battery production.
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