U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union, two sources familiar with the plans said.| Reuters
A U.S. Treasury spokesperson said the department, which oversees the electric vehicle tax credits at the heart of the dispute, would evaluate any newly negotiated agreements to ensure they meet the critical minerals requirement of the tax credit during the rulemaking process.
Working with allies to reduce U.S. reliance on China for critical minerals would aid U.S. energy and economic security, the spokesperson added.
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