The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.

On January 1, Americans became eligible to save thousands of dollars when they buy electric cars, induction stoves, and modern appliances under the Inflation Reduction Act that Democrats passed last fall.

Wasn’t President Biden going to end Donald Trump’s destructive trade wars against allies? Apparently not. His “super aggressive” climate protectionism—to quote French President Emmanuel Macron—is infuriating U.S. friends and may set off a subsidy and tariff war.

U.S. allies are upset about the Inflation Reduction Act’s generous subsidies for domestically manufactured green technologies. In his trip to Washington last week, Mr. Macron said the U.S. subsidies may “perhaps fix your issue but you will increase my problem.” They’re really a problem for everybody.

The EU must address "distortions" created by a $430bn (£349bn) US plan to incentivise climate-friendly technologies, the bloc's chief says.

Some EU members have criticised the US Inflation Reduction Act (IRA), raising fears of a trade war.

There are concerns that tax breaks may lure away EU businesses and disadvantage European companies.

European Commission President Ursula von der Leyen said the EU should "adjust our own rules".

"Competition is good ... but this competition must respect a level playing field," she said during a speech in Belgium.

Presidents Joe Biden and Emmanuel Macron sat down Thursday for the centerpiece talks of a pomp-filled French state visit, with the two leaders eager to talk through the war in Ukraine, concerns about China’s increasing assertiveness in the Indo-Pacific and European dismay over aspects of Biden’s signature climate law.

Biden is honoring Macron with the first state dinner of his presidency on Thursday evening, but first the two leaders met in the Oval Office to discuss difficult issues that they face.

President Joe Biden welcomed President Emmanuel Macron of France to the White House for the first official state visit against a backdrop of the war in Ukraine, tensions over American trade subsidies, and China.

Invoking a “shared commitment to liberty” between the United States and France, Biden ticked through the challenges facing the two nations, including “facing down Vladimir Putin’s grasping ambition for conquest in Russia and his brutal war against Ukraine, which has once more shattered peace on the continent of Europe.”

U.S. President Joe Biden welcomed French President Emmanuel Macron to the White House on Thursday to celebrate more than 200 years of U.S.-French relations and a renewed alliance in fighting Russia's invasion of Ukraine.

Biden is hosting Macron at the first state visit since the U.S. leader took office in early 2021. Biden and his wife Jill greeted Macron and his wife Brigitte with hugs, kisses and broad smiles

The close alliance on green policies between President Biden and President Emmanuel Macron of France shatters when it involves greenbacks.

That’s why Mr. Biden will be forced to defend his $740 billion tax, climate and health care law on Thursday when he hosts Mr. Macron for the first visit and state dinner of his presidency.

The European Union has “serious concerns” about the U.S. Inflation Reduction Act, saying it breaches international trade rules, according to an official document seen by CNBC.

The sweeping tax, health and climate bill was approved by U.S. lawmakers in August and includes a record $369 billion in spending on climate and energy policies. The landmark package comprises tax credits for electric cars made in North America and supports U.S. battery supply chains.

In the midst of a critical runoff campaign that would determine control of the Senate, the Rev. Raphael Warnock promised Georgia voters that, if elected, he would help President-elect Biden send checks to people digging out of the pandemic recession.

Mr. Warnock won. Democrats delivered payments of up to $1,400 per person.

But this year, as Mr. Warnock is locked in a tight re-election campaign, he barely talks about those checks.