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<p>We are engaging closely with the US administration to address our serious concerns
about the Inflation Reduction Act, as well as talking to our friends and allies across
the world who are similarly affected, we will continue to robustly defend the interests
of UK industry.</p><p>During the Secretary of State's visit to the World Economic
Forum in Davos last month, the Inflation Reduction Act was atop of her agenda. She
held meetings with US Trade Representative Katherine Tai to reaffirm her concerns
about the legislation and a potential global subsidies race, as well as EU Trade Commissioner
Valdis Dombrovskis, where she continued to push for both sides to work together and
with other international partners on our response to the Inflation Reduction Act.</p>
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