Biden Sends Letter To Yoon Expressing Willingness For Talks On IRA


Seoul, Oct 5 (IANS) 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.

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.




Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.