- U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree to begin negotiations on ensuring free-trade agreement-like status for the European Union.
- $430 billion U.S. Inflation Reduction Act (IRA) requires rising percentages of battery minerals to come from the U.S. or a Free Trade Agreement (FTA) partner.
- U.S. Treasury will evaluate any newly negotiated agreements to ensure they meet critical minerals requirement of the tax credit during rulemaking process.
US, EU to launch talks on free-trade-like status, easing EV trade dispute -sources
U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union, two sources familiar with the plans said on Wednesday.
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