Biden to host EU chief as Europe hopes to avoid subsidy race with the U.S.
Publishing timestamp: 2023-03-08 01:33:18
Summary
European Commission President Ursula von der Leyen is meeting with President Joe Biden to discuss the trade dispute and potentially gain commitments on critical raw materials, which would allow European companies to qualify for US subsidies if they provide part of the raw materials needed for manufacturing processes. The EU and US are working together to ensure that their respective incentive programs are fair and mutually reinforcing to drive the green transition.
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Keywords: business news, tesla inc, volkswagen ag, solvay sa, government and politics, eu, politics, edp energias de portugal sa, europe news, enel spa, united states, ursula von der leyen, trade, inflation, white house, joe biden,