French President Emmanuel Macron's state visit to Washington has been a showcase of warmth and unity except on one key issue: the Inflation Reduction Act (IRA), which Macron reportedly denounced to U.S. lawmakers on Wednesday as "super aggressive" toward European companies.
Why it matters: President Biden wants the U.S. to dominate production of electric cars, semiconductors and green technology, partly out of a desire to compete with China. But for some close U.S. allies, Biden's policies look like a more progressive form of "America First."
