Von der Leyen warns against greening offers with state aid between the US and the EU: “Don’t get caught up in an expensive trade war”

The plan includes subsidies and tax credits so American companies use or produce American products in the United States. Also John with the cap they can take advantage of it: They can reap up to $7,500 in tax breaks when they buy an electric car, provided the car comes from a North American factory and is equipped with a locally made battery. This is a thorn in von der Leyen’s side.

In early November, European finance ministers expressed concern about American plans. It could cause serious damage to European companies at a time when they are already grappling with rising energy prices, it was said.