What is a trade agreement, anyway? ...Middle East

Trade tensions between the United States and the European Union are not dissipating. The most recent spat is publicly unfolding over President Biden’s signature climate legislation, the Inflation Reduction Act (IRA). Nowhere was the lack of rapprochement clearer than during French President Emmanuel Macron’s state visit to Washington last November, where he was reported to have told Sen. Joe Manchin (D-W.Va.), a critical architect of the bill, “You’re hurting my country.”  The reason for such an accusation stems from a provision in the IRA that will give consumer tax credits for purchases of electric vehicles (EVs) that meet certain criteria, including sourcing the critical minerals th

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