Some EU members have criticised the US Inflation Reduction Act (IRA), raising fears of a trade war. There are concerns that tax breaks may lure away EU businesses and disadvantage European companies. Under the IRA, consumers will get incentives to purchase new and second-hand electric cars, to warm their homes with heat pumps and even […]
Tag: EU
How will Russia react if Ukraine joins the EU?
Ukraine is set to become an official candidate for European Union (EU) membership, the first step to joining the 27-country bloc. EU leaders are expected to back the move at a summit being held on 23 and 24 June. And the Ukrainian president has warned Russia may increase its military attacks in retaliation to the […]
German Automakers At Odds With Trump
It’s Germany’s turn to feel the heat after President-elect Donald Trump turned his ire on the country’s automakers, its supposed dominance of the European Union, and the failings of Chancellor Angela Merkel’s refugee policy. In a weekend interview given jointly to Germany’s biggest tabloid, Bild-Zeitung, and (somewhat incongruously), the august Times of London, Trump repeated […]