EU chief says bloc has to address 'distortions' created by Biden environmental policies - Fox Business

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European Union chief Ursula von der Leyen on Sunday warned that Europe must address distortions in the marketplace created by President Joe Biden’s Inflation Reduction Act (IRA), which heavily subsidizes green energy technologies.

European Commission President Ursula von der Leyen attends the weekly meeting of the EU Commission, Nov.

Von der Leyen said the EU needs to work with the U.S.

Last week, French President Emmanuel Macron, who traveled to Washington for an official state visit, complained that subsidies meant to incentivize semiconductor production for electric vehicles have put European industries at an unfair disadvantage.

President Joe Biden listens as French President Emmanuel Macron speaks during a state dinner at the White House on Dec.

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