Trade
Germany, France Urge Talks on US Climate Law to Avoid Trade War
- Habeck says US Inflation Reduction Act could harm EU firms
- Le Maire says must give clear message to US administration
German Minister Robert Habeck, left, and French Minister Bruno Le Maire in February.
Photographer: Eric Piermont/AFP/Getty ImagesThis article is for subscribers only.
German and French ministers called for talks with the US administration to avoid a trade war over measures in President Joe Biden’s climate law they say could discriminate against European companies.
The officials discussed the risks of industry relocating production to the US and various measures they could take, German Economy Minister Robert Habeck said on Wednesday after a virtual meeting with French counterpart Bruno Le Maire.