Varadkar says US Inflation Reduction Act could impact investment in Ireland and Europe

Taoiseach Leo Varadkar: 'We should try to co-operate with the US on climate action rather than ending up in a subsidies race,' File Picture: Sasko Lazarov / RollingNews.ie

Taoiseach Leo Varadkar has said there is a risk the recent Inflation Reduction Act in the US could lure companies to America and impact investment in Ireland and Europe.

However, he warned against entering into a “subsidies race” with the US.