EU Warns US of Potential Retaliation in Green Subsidies Dispute

The European Union called on the US to amend certain tax benefits contained in recently-enacted green legislation given what it called their discriminatory nature, and warned of potential retaliation.

The bloc wants Washington to remove discriminatory content and production requirements in the Inflation Reduction Act, and to receive the same treatment as other US trading partners.

It also called for more transparency in the tax credits granted by the law, and to ensure that the subsidies don’t create adverse effects, according to a document submitted to the US late on Friday.

The US measures risk “creating tensions that could lead ...