© Reuters. FILE PHOTO: President of the European Commission Ursula von der Leyen speaks with U.S. President Joe Biden at the meeting of G20 leaders on November 15, 2022 in Bali, Indonesia. Leon Neal/Pool via REUTERS
WASHINGTON (Reuters) – U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union, two sources familiar with the plans said on Wednesday.
Reuters reported Friday the United States and EU were working to make European minerals eligible for tax credits under the $430 billion U.S. Inflation Reduction Act, citing a senior EU official. That law requires rising percentages of battery minerals to come from the United States or a Free Trade Agreement (FTA) partner.