Tag: Inflation Reduction Act

John Podesta headshot by microphone against dark red backdrop

Podesta Defends Protectionist Policies Against Europe

Podesta stated that America made “no apologies” for prioritising its economic interests, as car giant Tesla announced plans to scale back on a new factory in Germany due to the IRA subsidy scheme.

Transatlantic Trade Tensions on the Rise

While the cost of doing business in Europe has increased dramatically in the last year, the euro has also lost value against the dollar. The depreciation benefits euro-zone exports to America.