President Joe Biden hopes to ease a serious source of tension with Europe when he meets with European Commission President Ursula von der Leyen at the White House on Friday, according to officials
The dispute is technical but highly contentious. It comes at a moment – a year into Russia’s invasion of Ukraine – when unity between the US and its European allies is already being tested. The quarrel centers on a provision of Biden’s landmark Inflation Reduction Act that offered tax credits for electric vehicles.
If not resolved, the issue could potentially spiral into competing subsidies that neither side wants, and add to strains caused by the war in Ukraine. “What we want to do is maximize the amount of deployment, maximize the speed of that deployment, and do so in a way that builds each of our respective industrial bases.
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