And European Council president , charles michel, for the 27th eu us summit at the white house later today. At the summit the eu is expected to try to lessen the impact of the us Inflation Reduction Act and its subsidies for electric vehicles. Theres also expected to be focus on ways to tackle global overcapacity of steel and aluminium and to promote Sustainable Production in a move against chinese steelmakers. Also on the agenda will be the Global Clean Energy economy, secure and resilient supply chains, digital infrastructure, ai and economic resilience. There is a lot for them to discuss. Joining me now from brussels is ian lesser, Vice President and executive director, at the German Marshall Fund of the United States. A warm welcome to the programme. Quite a significant agenda for those three leaders. First off, could you take us through the Inflation Reduction Act . ~. ,. , act . Well, the Inflation Reduction Act . Well, the Inflation Reduction Act act . Well, the Inflation Reducti
Need to do more by helping to slow economic activity. The fed will make its next decision on november one. The Biden Administration has widened the range of advanced Artificial Intelligence chips that cannot be sold to china. The move was seen as a further step in the battle between washington and beijing over access to whats known as dual use technologies that can be used in military applications. Jason oxman is the head of a Global Association for the tech sector and he says Trade Policies on Computer Chips need to take into account both National Security and market needs. China is a large economy, it is the second largest population on the planet, and it is an innovative economy but at the same time states has expressed legitimate National Sequence Security Concerns about provisioning the next generation of Semiconductor Technology to china. What we are concerned about striking a balance between the legitimate National Security interests and ensuring there is Economic Opportunity fo