The European Union should improve its state aid rules and consider more green transition funding to offset possible distortions from the new U.S. climate and tax law, European Commission President Ursula von der Leyen said.
Her remarks came a day before the U.S.-EU Trade and Technology Council ministerial meeting to be held at the University of Maryland, where the law is likely to be a hot topic.
The legislation, known as the Inflation Reduction Act, passed this summer and has become a point of contention in Europe, with complaints that Washington is attempting to lure business investment away from the bloc with massive subsidies.
