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EU Is Assessing If US Inflation Act in Breach of WTO Rules

Sept. 10, 2022, 12:26 PM

The European Union is checking whether protectionist elements of a $437 billion health, climate and tax law recently passed by the US are in violation of World Trade Organization rules, according to Trade Commissioner Valdis Dombrovskis.

“We have concerns about a number of discriminatory elements in this Inflation Reduction Act which puts requirement for local content, for local production,” Dombrovskis, who also is a European Commission vice president, told Bloomberg in Prague. “So we are assessing if it’s in line with WTO requirements and with government procurement agreement.”

US President Joe Biden’s new laws aim to increase domestic production ...