EU threatens to retaliate over Washington’s green initiative ...News

Russia Today - Economy
EU threatens to retaliate over Washington’s green initiative
source : Russia Today ( News ) () 17
The 27-nation bloc has warned it could go to the WTO over discriminatory subsidies for US businesses The European Union on Monday accused the United States of breaking World Trade Organisation (WTO) rules with its flagship green technology legislation, promising to take retaliatory measures. The warning highlights concern over Washington's so-called Inflation Reduction Act, which provides for vast spending on green energy initiatives and includes subsidies and tax credits for American producers and consumers. Brussels says those benefits for American electric vehicle makers would put EU manufacturers at an unfair

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