French officials said discussions were under way with their U.S. counterparts about possible remedies that would help avoid competitive distortions in green industries such as electric cars and renewable energy. One option would be for the U.S. to add the EU to the list of countries whose products can qualify for subsidies, similar to how Mexico and Canada are treated because of existing trade agreements, the officials said.
Macron has also called on the EU to pass a so-called “Buy European Act” that would offer similar subsidies to local industries. Other countries such as Germany are less supportive of the idea. The Biden administration has defended the IRA as necessary to boost the electric cars sector and further the fight againstin the U.S., and has called on Europe to come up with its own subsidy regime in response.
On Tuesday, John Kirby, a spokesman for the National Security Council, told reporters travelling with Macron that there have already been “very productive discussions” on the IRA and that “the team here is exploring options.” He declined to say whether concrete proposals would be made during the visit, but added that the U.S. has a task force with the EU on the matter, which would continue discussions.
On Thursday, Biden and Macron will meet for talks in the morning before a joint press conference, followed by a state dinner in the evening.
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