Inflation Reduction Act: only a few sectors affected

There’s a lot of stir about Joe Biden’s billion-dollar climate change program. Emmanuel Macron called the Inflation Reduction Act (IRA) „super aggressive“ and is promoting a „Buy European“ act in response. Robert Habeck also argues for his own „robust industrial strategy.“ The EU Commission called the IRA „clearly discriminatory“ in its statement. European industries would be disadvantaged, jobs and growth endangered.