WASHINGTON - US 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. Read more at straitstimes.com.
WASHINGTON - US 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.Reuters reported on Friday the United States and EU were working to make European minerals eligible for tax credits under the US$430 billion citing a senior EU official.
“Given the extremely high concentration of Chinese control over critical mineral extraction globally, strengthening our supply chains for critical minerals along with like-minded partners is vital for the growth of the clean energy economy,” the spokesman said. Up to $3,750 per vehicle of the available tax credits relate to critical minerals for batteries, taking effect when the US Treasury issues guidance, which is expected later this month.
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