Bernd Lange, chairman of the trade committee in the European Parliament, said that the EU and the US can no longer agree on the situation with the American disinflation law and that Brussels must file a complaint with the World Trade Organization ( WTO). Reported on this Reported on this TASS.
“I assume that the negotiations between the EU and the US cannot reach agreement on minor changes to the implementation of the IRA (American Inflation Reduction Act),” Lange said, adding that the “basic structure” of the document will remain.
According to him, in such a situation, “the EU needs to quickly file a complaint with the WTO in the coming months” to get clarity that “the US’s actions are clearly against the organization’s norms”. He stressed that the European Union “should increase support for its sector” and also explore possible measures to lower energy prices for this sector, which are “10 times higher than in the US”.
At the same time, Markus Ferber, an expert on economic issues in the European Parliament, believes that the EU should take retaliatory measures after the adoption of the US law, which “greatly complicates transatlantic relations” and also “has already threatened to significantly worsen relations”. The difficult economic situation in Europe.” According to him, the United States should take a step towards meeting with Europe, otherwise “the European Commission should consider increasing its means to protect trade.”
Earlier, Reuters cited a source at the French Ministry of Finance. reportedHe said US President Joe Biden and French President Emmanuel Macron had made “significant progress” in negotiations to reduce the impact of US inflation legislation on Europe.