Americans cut off the European imports with Inflation Reduction Act

Americans cut off the European imports with Inflation Reduction Act

Europe and the United States are heading for a trade conflict. For example, the EU is concerned about the new US ‘Inflation Reduction Act’, a law that greatly benefits companies in the United States. President Joe Biden put his scribble under the law in August, since then “Buy American” has been the watchword. For example, under the Inflation Reduction Act (IRA), Americans will receive a subsidy of up to $ 7,500 from January 1, 2023, when they buy an electric car made in the USA that is equipped with a…

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