Skip to Content
AP National Business

EU closer to ending US trade spat, moves on Green Deal funds

KTVZ
By
Published 3:51 am

By RAF CASERT
Associated Press

BRUSSELS (AP) — The European Union moved closer to ending a trade dispute with U.S. President Joe Biden following months of wrangling over the billions of America-first incentives in his clean technology plans. Now the EU said it would ramp up a similar subsidy-laden  effort at home. European Commission President Ursula von der Leyen said Wednesday that in its attempt to produce at least 40 % of the clean tech needed by 2030 in the 27-nation bloc it would allow for the “tax breaks and the flexible use of EU funds” on top of simplifying and speeding up industrial approvals. She spoke of a “striking symmetry” between the U.S. efforts and the European Green Deal plans.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content