BERLIN/WASHINGTON (Reuters) – Before leaving for the United States on Monday, German Economy Minister Robert Habeck expressed optimism that the European Union’s trade dispute with Washington could be resolved quickly.
Many EU leaders worry that the local content requirement for 369 billion green subsidies in the US Lower Inflation Act will encourage companies to relocate, thus making the US green tech leaders in the field, and Europe is paying the price.
Habeck, who is due to meet Tuesday with U.S. Treasury Secretary Janet Yellen and French Finance Minister Bruno Le Maire, said the European Commission was leading on trade issues but added, “We Would like to offer support.
” and means of support: In the working climate we have developed, exploring the problematic parts of the inflation reduction bill – namely this industrial project – could perhaps get resolved,” he said.
“And I am confident that, maybe not today and tomorrow, but in the next few days and weeks, we will succeed in finding further solutions, He added.
Yellen welcomes meeting with Harbeck and Le. A Treasury official said Maire was Washington’s “sustained engagement” with the inflation bill and part of the EU Green Deal industrial programme.
“We look forward to working with our European allies to accelerate investment in green technologies. The United States is committed to working with European and global counterparts to build resilient clean energy supply chains,” the official said.