EU, US edging toward trade spat when both want unity instead
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. EU trade ministers on Friday insisted they would be forced to respond if Washington stuck to all the terms of its Inflation Reduction Act, which is favorable to local companies through subsidies and, according to the EU, will unfairly discriminate against its firms that want to compete for contracts. But what the U.S. has done really isn’t consistent with the principles of free trade and fair competition,” Irish Trade Minister Leo Varadkar said. We want and expect European companies and exports to be treated in the same way in the U.S. as American companies and exports are treated in Europe," EU Commission Vice President Valdis Dombrovskis said.
Trump adds Europe to the list of U.S. trade partners he’s threatening with tariffs
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