Democrats’ Climate Bill Sparks Potential Green Trade War With Europe

Leaders in the European Union are intensifying efforts to compete with the U.S. on green energy, after the Biden administration’s signature climate bill was perceived as siphoning manufacturing from Europe, The Associated Press reported Monday.

Ahead of a special economic summit from Feb. 9 – 10, E.U. politicians and diplomats have discussed developing massive subsidies to compete with the $369 billion of subsidies in the U.S. Inflation Reduction Act (IRA), such as electric vehicle tax credits, designed to promote domestic green energy and manufacturing, the AP reported. European and Asian allies,...