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EU should complain to WTO about US inflation bill, EU lawmaker says

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EU should complain to WTO about US inflation bill, EU lawmaker says

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The European Parliament should complain to the World Trade Organization regarding the US Inflation Reduction Act, a European Parliament lawmaker proposed on Monday.

According to Bernd Lange, the chair of the EU parliament's trade committee, the US acted unfairly towards the EU with this legislation.

Lange stated that the negotiations between the EU and the US have failed to agree on any changes in the implementation of the Inflation Reduction Act (IRA). Therefore, the EU should file a complaint with the WTO in the coming months. Following the organization’s involvement, the EU will be able to determine whether Washington's actions are incompatible with WTO rules.

Bernd Lange said that the EU needs to step up support for European industry and try to reduce energy costs in the region. Earlier, Markus Ferber, a European Parliament member, called on representatives of the EU to respond to the US passing the act. The lawmaker argued that the Inflation Reduction Act “seriously complicates transatlantic relations.”

Earlier this autumn, Thierry Breton, the EU Commissioner for the Internal Market, boycotted a trade and technology summit being held in the US due to the American side's disregard for EU concerns. In addition, representatives of the euro bloc are seriously worried about the carelessness of US officials regarding the anti-inflation law.

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