Ursula von der Leyen on Tuesday presented a new Green Deal Industrial Plan as a way to fight the US Inflation Reduction Act.
The European Commission President made her pitch at the World Economic Forum in Davos.
The proposal comes as negotiations with the US seem stalled despite European efforts to get an exemption like the one granted to Canada and Mexico. Talks between the two sides were scheduled to continue this evening with a meeting between Executive Vice-President Dombrovskis and US Trade Representative Katherine Tai.
Von der Leyen’s aim is to “avoid disruptions in transatlantic trade and investment”, she said. This is why she demanded specific solutions for the US, “so that EU companies and EU-made electric cars can also benefit from the IRA”.
The US plan is valued at $369 billion and is to be dolled out over the next decade.
“At the heart of the joint vision is our conviction that competition and trade is the key to speeding up clean tech and climate neutrality. And…
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