TTC fails to produce breakthrough in Inflation Reduction Act dispute

The EU and US have agreed to work more closely together in a number of areas at the Trade and Technology Council (TTC), without a breakthrough on the dispute over climate-friendly subsidies. „We are leaving the meeting a little more confident than we went in,“ Commission Vice President Valdis Dombrovskis said after Monday night’s meeting. But time was running out, he said, with parts of the Inflation Reduction Act (IRA) taking effect as early as the beginning of January.