France Demands Tougher EU Response to US Climate Law
- Le Maire says Inflation Reduction Act endangers EU industry
- No option excluded in EU response to US, Le Maire says
Bruno Le Maire
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
French Finance Minister Bruno Le Maire stepped up demands for the European Union to take swift and firm action to respond to US President Joe Biden’s climate law.
France is concerned that several provisions in the Inflation Reduction Act discourage investment in the EU and discriminate against European companies, particularly tax credits for American-made electric vehicles.