Biden and EU’s Von Der Leyen Seek Trade Truce: What to Watch
- Ukraine, sanctions and China are also likely to be on agenda
- US, Europe have clashed over subsidies in Biden’s climate law
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President Joe Biden and European Commission leader Ursula von der Leyen will likely make their meeting at the White House on Friday convivial, despite trade tensions and the pressure of the war in Ukraine.
They are seeking to avoid a trade clash after the US pushed through a $369 billion package to bolster the development of clean technology. To that end, they are expected to agree on a path that would allow European firms to benefit from some of the subsidies for batteries offered only to producers in the US.