South Korea urges EU to team up against US ...News

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Seoul’s trade minister says Washington’s actions will have a discriminatory impact on South Korean and European producers Seoul and Brussels should coordinate their responses to a large-scale subsidy package adopted by the US, South Korean Trade Minister Dukgeun Ahn said on Friday in an interview with EURACTIV. The Inflation Reduction Act (IRA), a $430 billion climate protection and social investment plan adopted by the US Congress in August, is designed to battle inflation and reduce energy prices, as well as tackling climate change. However, it also includes massive subsidies for US-produced electric cars and ba

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