US Electric-Vehicle Tax Breaks Draw Ire From Allies EU, Korea

This Just In: US railroads and unions have reached a tentative deal aimed at averting a nationwide strike starting tomorrow — click here for the latest. It’s a breaking story this Thursday morning and we’ll keep you posted on any more major developments.

Meanwhile, as US lawmakers celebrated the Inflation Reduction Act at the White House this week, some of the nation’s closest trade allies were up in arms about the law’s tax breaks for electric vehicles.