US, S.Korea agree to continue discussions on inflation reduction act: USTR ...Middle East

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US, S.Korea agree to continue discussions on inflation reduction act: USTR
source : Daily Sun ( Middle East ) () 20
WASHINGTON: The United States and South Korea agreed to continue their discussions on Seoul's concerns over the Inflation Reduction Act, the office of the US Trade Representative (USTR) said Tuesday, reported Yonhap.The agreement came in a meeting between Deputy USTR Sarah Bianchi and South Korean Deputy Trade Minister Ahn Sung-il.“Ambassador Bianchi and Deputy Minister Ahn discussed Korea’s concerns with elements of the Inflation Reduction Act (IRA) related to tax credits for electric vehicles and agreed the two sides would keep in close contact on this issue over the coming weeks,“ the USTR said in a press release.South Korea has expressed concerns that the new Inflation Reduction Act may

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