On Tuesday, the so-called EU-US Taskforce on the Inflation Reduction Act was formed in a move agreed by European Commission President Ursula von der Leyen and US Deputy National Security Adviser Mike Pyle.

German Chancellor Olaf Scholz and French President Emmanuel Macron are seeking to try to clinch “a negotiated solution” with Washington over “unfair competition from the US” and the possible need for the EU to strike back, US media reports.

The two discussed the issue during their recent talks in Paris, where they in particular voiced concern over US state subsidy plans, which “represent market-distorting measures” aimed at making companies shift their production to America.

Scholz and Macron agreed that the EU should respond if the US goes ahead with the Inflation Reduction Act in its “current form”.

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https://sputniknews.com/20221028/france-germany-vow-to-strike-back-over-us-inflation-reduction-act-1102787484.html

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