2 years ago President Biden introduced a bill deceptively called the Inflation Reduction Act.  It was designed to stimulate the post COVID US economy and kickstart the move away from fossil fuels through grants and subsidies worth almost €1trillion.  It poses a major threat to EU nations though as State Aid rules forbid member states subsiding their own national companies.

But a work around designed to prevent Europeans companies moving to the US could end up harming businesses in smaller EU nations such as Ireland. 

Speaking to Joe was Colm Markey is the MEP for the Midlands and North West.