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12/4/2022, 4:25 PM (Source: TeleTrader)
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EC chief says bloc must adjust to new US climate bill

European Commission President Ursula von der Leyen on Sunday said Brussels has to act in response to "distortions" caused by the Biden administration's massive climate change, taxes, health care and energy bill.

The European Union already went over some of the "most concerning aspects" of the legislation with the United States, Von der Leyen said, adding that the bloc will also have to assess its own funding and readjust accordingly to Washington's new law.

Some members of the EU have already expressed concerns about the legislation, which French President Emmanuel Macron said was not in line with World Trade Organization's (WTO) rules.

Baha Breaking News (BBN) / NL