MEPs seek answers on how the EU is handling the massive tax breaks to companies producing in the US, a scheme that puts European companies at a disadvantage. The roughly €350 billion Inflation Reduction Act aims to build a new green economy by giving subsidies and tax credits to companies which manufacture with local parts or produce in the US from 1 January 2023, to the detriment of European manufacturers and in potential breach of World Trade Organisation (WTO) rules.

statement

Strasbourg

debate

plenary session

EU - USA (T)

LANGE, Bernd (S&D, DE)

DE LANGE, Esther (EPP, NL)

URTASUN, Ernest (Greens/EFA, ES)

UHRÍK, Milan (NI, SK)

YON-COURTIN, Stéphanie (Renew, FR)

BOURGEOIS, Geert (ECR, BE)

CAMPOMENOSI, Marco (ID, IT)

EU response to the US Inflation Reduction Act: one round of political group's leaders

SOUNDBITE (Original), Esther de LANGE (EPP, NL), -

SOUNDBITE (Original), Bernd LANGE (S&amp;D, DE), -

SOUNDBITE (Original), St&#233;phanie YON-COURTIN (Renew, FR), -

SOUNDBITE (Original), Ernest URTASUN (Greens/ALE, ES), -

SOUNDBITE (Original), Geert BOURGEOIS (ECR, BE), -

SOUNDBITE (Original), Helmut SCHOLZ (The Left, DE), -

SOUNDBITE (Original), Milan UHR&#205;K (NI, SK), -