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German finance minister says US also needs a swift tariff solution

German Finance Minister Christian Lindner expressed concerns about the U.S. Inflation Reduction Act, describing it as a "de facto protectionist measure" that could lead to a subsidy race among nations. Speaking at the World Economic Forum in Davos, Lindner highlighted the potential negative impacts on the global economy and emphasized the need for a level playing field. He suggested that the European Union should respond by improving its own competitiveness rather than engaging in retaliatory subsidies. Lindner's comments reflect broader European worries about the U.S. legislation, which offers significant incentives for electric vehicles and other green technologies, potentially disadvantaging European companies.

Read the Full Reuters Article at:
[ https://www.aol.com/news/german-finance-minister-says-us-180816338.html ]