The USA Inflation Reduction Act two years on

Breakfast Business with Joe Lynam

Presented by Newstalk's Business Editor Joe Lynam, this 30-minute programme focuses on the key business stories from home and abroad, market analysis, new business innovations and profile interviews. Listen and subscribe to Breakfast Business with Joe Lynam on Apple Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by and asking: 'Alexa, play Newstalk'

The USA Inflation Reduction Act two years on

2 years ago President Biden introduced a bill deceptively called the Inflation Reduction Act. It was designed to stimulate the post COVID US economy and kickstart the move away from fossil fuels through grants and subsidies worth almost €1trillion. It poses a major threat to EU nations though as State Aid rules forbid member states subsiding their own national companies. But a work around designed to prevent Europeans companies moving to the US could end up harming businesses in smaller EU nations such as Ireland. Speaking to Joe was Colm Markey is the MEP for the Midlands and North West.

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The USA Inflation Reduction Act two years on