12/1/2022, 6:33 AM (Source: TeleTrader)
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Macron says US subsidies 'super aggressive' - report

French President Emmanuel Macron told United States lawmakers that subsidies under the Inflation Reduction Act passed by US Congress earlier this year are "super aggressive for our business people," according to Agence France-Presse.

Macron reportedly made the remark during lunch with American legislators and business leaders in the US, before pointing out he wants "to be respected as a good friend" and warning the law they passed will "kill a lot of jobs" in Europe.

The Inflation Reduction Act has led to substantial controversy outside of the US, especially causing opposition among Washington's allies, as it allows tax credits only for electric vehicles assembled in the US.

Baha Breaking News (BBN) / MS