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HomeWorldBiden Sends Letter to Yoon Expressing Willingness for Talks on IRA

Biden Sends Letter to Yoon Expressing Willingness for Talks on IRA

US President Joe Biden has sent a letter to South Korean President Yoon Suk-yeol expressing his willingness to continue frank and open-minded talks on the US Inflation Reduction Act, a presidential official said Wednesday.

Biden also said in the letter the previous day that he is well aware of Yoon’s concerns about the IRA, the official told reporters.

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The IRA gives tax credits only to electric vehicles assembled in North America, raising concerns it will act as a significant trade barrier for Korean carmakers, Yonhap news agency reported.

 

 

 

 

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