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Distortive provisions in US Inflation Reduction Act must be fixed, EU's Weyand says

By Joanna Sopinska ( November 17, 2022, 14:39 GMT | Insight) -- The EU has engaged in talks with the US to “fix” distortive provisions in the US Inflation Reduction Act but remains ready to use its trade defense tools, the bloc’s top trade official has said. Sabine Weyand, the European Commission’s director-general of trade, said the US law has a “huge potential to be distortive” because it’s “discriminatory” and provides for a large volume of “unlimited” subsidies through tax credits.The EU has engaged in talks with the US to “fix” distortive provisions in the US Inflation Reduction Act but remains ready to use its trade defense tools, the bloc’s top trade official has said....

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