(updated after the start of the meeting)
WASHINGTON (dpa-AFX) – US President Joe Biden and EU Commission President Ursula von der Leyen are trying to engage in dialogue in the dispute over US subsidies for green technologies. “I think it’s great that there is now such massive investment in clean technology,” von der Leyen said at a meeting with Biden at the White House on Friday. That’s why, like the United States, they also want to focus on a green industrial program in Europe – and at the same time talk to Washington about the US law, which has caused great concern in Germany and the EU about competitive disadvantages. It provides for billions in investments in climate protection and subsidies for US industry. One wants to create a clean industry and new jobs with the law, said Biden.
Specifically, it is about the so-called Inflation Reduction Act (IRA) of the USA. The problem from a German and European perspective: Many subsidies and tax credits are linked to the fact that profiting companies use US products or produce them themselves in the USA.
