Trade ministers seek response to IRA

Today, EU trade ministers will discuss a response to the Inflation Reduction Act (IRA). France and Germany, in particular, are pushing for a European response: „We have to be aware that there is a risk that industrial jobs could disappear from Germany and Europe, which then won’t come back so quickly,“ said SPD Chairman Lars Klingbeil after a trip to the US. He called for rapid reforms such as a capital markets union, an industrial policy agenda and investment in future technologies and infrastructure.