President Joe Biden acknowledged that the Inflation Reduction Act has 'glitches' after European officials complained green energy subsidies put their manufacturers at a disadvantage.
President Biden and French President Emmanuel Macron talk to reporters at the White House on Dec. 1, 2022.
"There's a lot we can work out, but the essence of it is we're going to make sure that the United States continues, and just as I hope Europe will be able to continue, not to have to rely on anybody else's supply chain. We are our own supply chain. And we share that with Europe and all of our allies. And they will, in fact, have the opportunity to do the same thing," Biden said.
"So there's tweaks that we can make that can fundamentally make it easier for European countries to participate and or be on their own. But that is something that is a matter to be worked out," he continued. "There is no fundamental – it was never intended, when I wrote the legislation, I never intended to exclude folks who were cooperating with us. That was not the intention.
Chris Pandolfo is a writer for Fox News Digital. Send tips to [email protected] and follow him on Twitter @ChrisCPandolfo. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Barclays coal plan exposes reach of Biden’s Inflation Reduction ActThe bank now expects to phase out its financing of thermal coal power in the US five years earlier than planned.
Leer más »
Explainer: Why the U.S. Inflation Reduction Act has Europe up in armsFrench President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States' huge new green energy subsidy package.
Leer más »
U.S. Inflation Reduction Act 'super aggressive,' Macron tells lawmakersFrench President Emmanuel Macron addressed U.S. lawmakers from both political parties on Wednesday and pushed back over new American subsidies that are riling European leaders, according to a participant in a closed-door meeting.
Leer más »
Biden says latest inflation news shows that his plan is workingPresident Joe Biden released a statement Thursday morning saying that this week's economic news indicates that his plan is working.
Leer más »