The International Trade Council (ITC) acknowledges the recent meeting between President Joe Biden and President Emmanuel Macron, where they reaffirmed their shared commitment to unity against Russia and engaged in discussions regarding trade concerns.
During their meeting, the leaders emphasized the importance of standing together against Russian aggression in Ukraine. President Biden reiterated the need to resist Russia's attempts to crush the will of those opposing its imperial ambitions, highlighting the detrimental impact of such actions on vulnerable populations globally. The ITC supports their unwavering stance in promoting peace, stability, and adherence to international norms.
The trade discussions between President Biden and President Macron focused on addressing concerns related to the recently enacted clean energy law, the Inflation Reduction Act. President Macron expressed his opposition to certain provisions favoring American-made climate technology, which could potentially hinder European companies. President Biden acknowledged the need for adjustments and expressed willingness to consider tweaks to the legislation to address the concerns of European allies.
The ITC recognizes the significance of these trade discussions and encourages continued dialogue to find mutually beneficial solutions. Facilitating open and fair trade relations between nations is vital for economic growth, innovation, and the well-being of citizens.
As the global trade landscape evolves, the ITC remains committed to promoting constructive engagements among nations, fostering cooperation, and advancing fair and equitable trade practices.
