Bloomberg New Economy Gateway
US and Europe Wrangle Over Green Subsidies to Avoid a Trade War
- US, EU working on a complex plan to curb carbon emissions
- Both sides want to reduce trade dependencies on China, Russia
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As European Commission President Ursula von der Leyen sat in the Oval Office last month she gushed before the cameras about the US Inflation Reduction Act. “It’s great that there’s such a massive investment in wind and clean technologies now,” she said of America’s green awakening.