Joe Biden writes to S Korean President Yoon Suk-yeol seeking 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
 "Joe Biden")
Joe Biden | Photo: Bloomberg
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.
--IANS
int/svn/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 05 2022 | 2:42 PM IST