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GERMANY-Econ Mins: EU Should Get Exceptions To US Inf Reduction Act

FRANCE

French Economy Minister Bruno Le Maire and his German counterpart Robert Habeck issue joint comments relating to the US' Inflation Reduction Act (IRA).

  • Ministers: European products, like American products, should be eligible for tax credits.
  • Ministers: The exceptions made in the US Inflation Reduction Act [for Canada and Mexico] should apply to partners and allies such as the EU.
  • Say that there will be an 'aggressive response' to the US IRA from both countries.
  • Separately, both say that 'We will ensure the security of supply of critical raw materials for the EU'. Add that Germany and France 'will ensure the swift implementation of programmes to support more hydrogen infrastructure'.

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