The EU’s two biggest member states have urged the Biden administration to extend benefits contained in the US’s flagship green economy to European firms, in a bid to end what threatens to become a major transatlantic trade dispute.
In a joint paper, German economy minister Robert Habeck and French finance minister Bruno Le Maire said it was in the US and EU’s mutual interest to “swiftly find common ground” in the stand-off over the $369bn Inflation Reduction Act, calling for a “green economic partnership” with the US.
Both Paris and Berlin want to see Washington extend subsidies for American, Canadian and Mexican green technologies to “partners and allies”, including the EU.
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