Business Secretary Grant Shapps has renewed criticism of President Joe Biden's multi-billion dollar package of green subsidies, warning it could mark a dangerous slide into protectionism.Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Mr Shapps said he did not believe the 430 billion US dollar (350 billion) Inflation Reduction Act (IRA) was intended to be protectionist but that could be the result if it was not amended.
#legislation #president-biden #switzerland #south-korea #downing-street #electric-vehicles #intervention #supply-chains #tax-credits #world-economic-forum
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