US, EU Talk About EV Supply Chain Incentives, TTC, China
A call between U.S. Trade Representative Katherine Tai and Valdis Dombrovskis, the EU's top trade official, covered what the U.S. characterizes as "supply chain vulnerabilities," but the EU and U.S. readouts of the Sept. 1 call characterized the discussion differently.
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The EU readout, which has not been publicly posted but was emailed to our reporter after an inquiry, said, "The European Commission has welcomed the 'Inflation Reduction Act' to boost federal investment to counter climate change by accelerating the United States’ economic transformation away from fossil fuels. But while the EU aims to cooperate closely with the US in climate action, green measures should not be designed in a discriminatory, WTO-incompatible way. Executive Vice President Dombrovskis recalled that discriminating against EU manufacturers makes it much more difficult for them to contribute to the electrification of vehicles in the US, reduces the choice of US consumers when they wish to buy electric vehicles. The EU and U.S. agreed to continue discussions on this matter."
Regarding the EV tax credits, the U.S. readout said, "Tai noted the shared need to increase investments in clean energy technologies to seriously combat the climate crisis, as well as to address supply chain and security vulnerabilities."
Both the EU and the U.S. said the U.S.-EU Trade and Technology Council needs to deliver tangible measures that will help European and U.S. businesses.
The EU readout said that Dombrovskis debriefed Tai on a recent EU-China High-Level Economic and Trade Dialogue, and that he said "a very broad range of topics were discussed in the areas of macroeconomic issues, supply chains, trade and investment concerns and financial services."
Tai said they spoke about engagements with third countries, and discussed "non-market economic policies and practices."