Valdis Dombrovskis said the EU and U.S. should be „building transatlantic value chains“ for the green transition, „not breaking them apart.“
The European Union still believes President Joe Biden’s Inflation Reduction Act discriminates against companies in the bloc, its top trade minister said Thursday.
However, Valdis Dombrovskis told CNBC that the EU was engaged in ongoing negotiations with U.S. officials that had allayed only some of its concerns so far. He noted he met with U.S. Trade Representative Katherine Tai two days ago, a meeting at which the pair pledged to increase engagement on key issues including electric vehicle subsidies.
„Our concerns are the discriminatory measures in [the] U.S. Inflation Reduction Act, which is discriminating against EU companies,“ he said in an interview at the World Economic Forum in Davos, Switzerland.
„We think we should be addressing the climate change and green transition jointly, building transatlantic value chains, not breaking them apart.“
The IRA was approved by lawmakers in August and includes a record $369 billion in spending on climate and energy policies.
