MUNICH, Feb 17 (Reuters) – French President Emmanuel Macron signaled on Friday that he would talk about considerations about U.S. electrical automobile subsidies with Vice President Kamala Harris as they met in the course of the Munich Safety Convention.
“We’re working arduous,” on the difficulty, Macron stated earlier than their assembly.
Whereas EU nations welcome the U.S. dedication to power transition, they worry the U.S. Inflation Discount Act’s (IRA’s) $369 billion of subsidies for electrical automobiles (EVs) and different clear applied sciences might put firms based mostly in Europe at a drawback.
Harris stated they have been additionally going to debate their dedication to supporting Ukraine in opposition to Russia’s invasion however provided no remark in regards to the subsidy concern earlier than reporters have been ushered out of a gathering between the 2 leaders.
The invoice is a key a part of Biden’s imaginative and prescient to cope with local weather change, reinvigorate American manufacturing and compete with China, nevertheless it has rankled allies from Brussels to Seoul.
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Macron, who U.S. President Joe Biden celebrated with a lavish state dinner in December, introduced round that point that the 2 leaders had agreed to “repair” points in regards to the made-in-America EV legislation. However an answer from Washington that might be acceptable to France has not been forthcoming within the months since.
Reporting by Trevor Hunnicutt and Doina Chiacu; Modifying by Alistair Bell
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