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European Frustration Over U.S. Subsidies Mounts Ahead of Key Meeting
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wsj.comBRUSSELS—Simmering frustration over the “Buy American” provisions attached to a sweeping package of climate-related subsidies threatens to spoil the mood at a high-level U.S.-European Union meeting Monday.
EU leaders say the subsidies, which were included in the Inflation Reduction Act legislation that President Biden signed into law in August, are discriminatory and risk accelerating damage to European industries already struggling with high energy costs. South Korea, Japan and the U.K. have also criticized the decision to attach local-content requirements to the subsidies.
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