Inflation Reduction Act: Habeck and Le Maire call for robust industrial policy

German Economics Minister Robert Habeck and French Finance and Economy Minister Bruno Le Maire advocate responding to the US Inflation Reduction Act (IRA) with their own subsidy programs if necessary. If the current negotiations between the EU Commission and the US government do not produce any results, it would be appropriate to respond to the billions of euros in subsidies for climate-friendly technologies in the United States with a „robust industrial strategy,“ Habeck announced.