Biden defended the Inflation Reduction Act and CHIPS Act during a joint press conference with French President Emmanuel Macron today, but vowed that he would not do so 'at the expense of Europe.'
The legislations include incentives meant to encourage Americans to electric vehicles and tax credits for global chip manufacturers that set up new operations in the U.S.
“The CHIPS Act, Inflation Reduction Act are both very good for the U.S.
was aimed at "a common objective goal" that includes strengthenting the technology industry, creating jobs, particularly for the middle class, and implementing the energy transition. France "did not come to ask for an exemption for our economy but simply to discuss the consequences of this legislation."
"The wish of President Biden is to be building a strong industry here and to have — to secure some technology solutions for the future. France wishes exactly the same thing for itself," Macron said."The bilateral investment and trade relationship between our nations is longstanding and deep, creating significant jobs and prosperity for both.
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