United States, EU agree to start talks on critical minerals amid trade tensions

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United States, EU agree to start talks on critical minerals amid trade tensions
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European Commission President Ursula von der Leyen said that she agreed with President Joe Biden during a meeting at the White House to have a dialogue concerning incentives to the clean technology industry

In a joint statement after their meeting, the two leaders said they intended to "immediately begin negotiations on a targeted critical minerals agreement" to ensure that minerals extracted or processed in the EU would count for clean vehicle tax credits under the IRA law.

Speaking in the Oval Office at the start of the meeting, both Biden and von der Leyen underlined the strength of their partnership, and the unified support for Ukraine and efforts to hold Russia accountable for its invasion.U.S. President Joe Biden meets with President of the European Commission Ursula von der Leyen in the Oval Office of the White House in Washington, D.C., U.S., March 10, 2023.

The European Commission last month presented its Green Deal Industrial Plan in response to the U.S. IRA law, with increased levels of state aid to help Europe compete as a manufacturing hub for clean tech products.Jake Colvin, president of the National Foreign Trade Council, a corporate lobby group, urged the White House to raise U.S. industry concerns on what he called a "discriminatory digital sovereignty agenda" aimed at undermining U.S. companies.

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