No subsequent changes to anti-inflation law

The White House

Washington supports the law but is in contact with foreign partners to address their concerns.

(Photo: Bloomberg)

Washington The US government is not planning any subsequent changes to a law that has been widely criticized in Europe for its trade implications. “We have no plans to ask Congress to change the law,” White House spokeswoman Karine Jean-Pierre said on Friday, referring to the anti-inflation law that was passed. However, we are working with European partners to take their concerns into account. Exactly how this is supposed to happen remains unclear.

The law is intended to boost US industry and favor it over foreign competitors. Subsidies and tax credits are linked to companies using US products or producing them themselves in the US. There is much criticism of this in Europe. French President Emmanuel Macron also raised the issue during his state visit to the United States. He warned that the law would create such disparities that many companies would no longer invest in Europe – which threatened to split the West.

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