Emmanuel Macron arrived in Washington on Tuesday night for a state visit that will combine the pomp of the White House with strategic discussions with Joe Biden on the war in Ukraine and US trade protectionism.
The French president, who landed around 01:30 (French time), intends to discuss with his American counterpart the massive support plan for the energy transition, or Inflation Reduction Act (IRA), which grants generous subsidies to electric vehicles , batteries or renewable energy. as long as they are “made in America”.
Inflation Reduction Law at the center of discussions
Faced with the great leaders of the two countries, received for lunch at the Élysée just before leaving, Emmanuel Macron estimated, according to the presidency, that this law was “on the right track, for the benefit of the ecological transition”, but included “measures protectionists that pose major challenges to European industrialists”.
“To deal with it, he insisted on the importance of a concerted European response and the adoption of a ‘Buy European Act'”, which would also give priority to products made in the Old Continent, reported his services.
If Paris has in recent days raised the possibility of ripping off IRA “waivers” for some European industries, we also know that this will not change the architecture of this crucial plan for Joe Biden’s bottom line.
Source: BFM TV
