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It is evident, that the protectionist approach of the Inflation Reduction Act (IRA) is problematic for the EU, as it comes on top of the soaring energy prices in Europe and a general lack of competitiveness.
🐦🔗: https://n.respublicae.eu/CHansenEU/status/1631218228121722881
But how should we improve trade with the US on the green transition to avoid a subsidy race? 🇺🇸🇪🇺
Watch what the EPP Group has to say here ⬇️
https://www.youtube.com/watch?v=tCPAjTuuFPc
🐦🔗: https://n.respublicae.eu/CHansenEU/status/1631218232819429376
Instead of introducing limitations, we should be deepening transatlantic value chains, each playing to our own strengths and facilitating the growth and exchange of green goods and technologies.
🐦🔗: https://n.respublicae.eu/CHansenEU/status/1631218230596366336