PARIS (Reuters) – France and Germany’s economy ministers will tell senior U.S. officials not to try to actively poach green investments from Europe when they visit Washington next week to raise concerns about U.S. green tech subsidies, two French officials said.
France’s Bruno Le Maire and Germany’s Robert Habeck are due to press concerns in Washington about tax credits under the United States’ Inflation Reduction Act that subsidises products from electric cars to solar panels as long as they meet requirements on being locally produced.
The two are due to meet White House officials on Tuesday in addition to Treasury Secretary Janet Yellen, Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, the officials from France’s economy ministry said.
EU governments are worried the tax credits not only put European producers at an unfair disadvantage but could be actively used to lure investment away from Europe…
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