• The EU may deal with the “unintended consequences” of the US Inflation Reduction Act.
• This is in line with France and the Netherlands, Dutch Prime Minister Mark Rutte said.
• Rutte added it could also make sense for the EU to loosen state aid rules for targeted industries.

The European Union (EU) may deal with the “unintended consequences” of the US Inflation Reduction Act in a way that is in line with France and the Netherlands, Dutch Prime Minister Mark Rutte said on Monday following a meeting with Emmanuel Macron of France.

Regarding the debate over whether the EU needs new funds to support industries that might be harmed by protectionist U.S. policies, Rutte stated, “We have agreed to first look closely at the funds already available in the EU.”

“And we have to see what the EU can do to make sure it is treated the way Mexico and Canada are treated, to resolve the unintended consequences on the side of the US.”

Rutte added it could also make sense for the EU to loosen state aid rules for targeted industries such as green technology “in ways that support the internal market.”

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