US President Joe Biden and European Commission President Ursula von der Leyen agreed on Friday to immediately begin negotiations on a targeted critical minerals agreement to facilitate meeting subsidy requirements in the US Inflation Reduction Act, the two leaders said in a joint statement.
The agreement aims at “enabling relevant critical minerals extracted or processed in the European Union to count toward requirements for clean vehicles in the Section 30D clean vehicle tax credit of the Inflation Reduction Act,” the statement said.
(By Rami Ayyub; Editing by Eric Beech)
ICYMI: Amid trade dispute, US and EU to seek minerals agreement, talks on subsidies
3 Comments
W
Well, they only have around ‘20 years of a head-start’ by China, to catch up with..! ?. Shouldn’t be too hard to do…! ??
Gabriel Tapia
What do they negotiate?
if both do not have critical minerals !!
Sleepy
Literaly – those people are the cancer that eats the western world. Never in the history of mankind had overregulation and overtaxation help to develop the economy. I will never believe that politicians do not understand that which leads to an assumption that they do it on purpose.