Green politician Robert Habeck. Photo: Superbass / CC BY-SA 4.0 (via Wikimedia Commons) (https://commons.wikimedia.org/wiki/File:2018-03-12-Robert_Habeck-hart_aber_fair-8081.jpg), “2018-0 -Robert Habeck Habeck-hart aber fair-8081”, Crop from ARIVA.DE, https://creativecommons.org/licenses/by-sa/4.0/legalcode
Berlin (dpa-AFX) – Federal Economy Minister Robert Habeck (Greens) will travel to the US on Monday. The Union Ministry of Economy announced on Wednesday evening, on a request, that the objective is to hold two-day talks with the US government. It deals with various topics of transatlantic cooperation, especially trade policy and the geopolitical situation. One focus is the Inflationary Reduction Act (IRA) – a US subsidy program worth hundreds of billions. The government in Washington wants to use it to fight high inflation in the country.
On Monday, Habeck will meet representatives of German companies in the United States, the ministry said. On Tuesday he will join his French counterpart Bruno Le Maire in Washington for political talks to explain the European position on the IRA. Before his trip to the US, Habeck is traveling to Stockholm for the European Council Presidency this Thursday and Friday (February 2 and 3), to talk with the Swedish Council Presidency about the IRA issue and prepare for negotiations with the US.
The IRA provides investments in climate protection and social issues. Subsidies and tax credits are tied to American products or companies that produce in the United States. In the central government and the EU, there are fears that companies may set up new locations in other parts of the world or relocate jobs there if they are not supported here with taxpayers’ money. In response to the US law, EU Commission President Ursula van der Leyen on Wednesday presented plans to save Europe as an industrial destination./als/DP/zb
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