International Trade Secretary Kemi Badenoch has criticised US President Joe Biden’s new green subsidies, calling them protectionist – that’s on the front of the Financial Times.
There are fears Joe Biden’s “protectionist” US package of green subsidies will hit UK-based makers of electric cars. The paper writes Ms Badenoch has written to her US counterpart to protest over the $369bn measure.
A bugbear is a subsidy for electric cars only including vehicles mostly made with parts from America or with batteries sourced from countries with a free trade agreement, excluding the EU and UK.
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