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US inflation act unnerves EU trade partners

The Inflation Reduction Act (IRA), a key Washington policy aimed at stimulating investment in critical minerals and battery supply chains in the US, has stoked warnings of a potential trade war from European Union (EU) states.

US inflation act unnerves EU trade partners US inflation act unnerves EU trade partners US inflation act unnerves EU trade partners US inflation act unnerves EU trade partners US inflation act unnerves EU trade partners

US inflation act worries EU

EU capitals have become anxious that the US$369 billion in financial support and tax breaks contained in the IRA will put their own industries - including electric vehicle manufacturers - at a serious