By Ambassador Stuart Holliday, CEO of Meridian International Center The Inflation Reduction Act has served as the centerpiece of broad-sweeping legislation passed by the Biden Administration. Aimed at combatting climate change through green energy investment, reviving struggling communities, and increasing economic opportunity for America’s middle class, its passing has been praised by supporters as a critical step towards revitalizing American industry. However, it has raised some diplomatic conversations in Europe about whether it constitutes protectionism by the United States. European Union critics argue that the Inflation Reduction Act’s subsidies and tax credits discriminate against products imported into the U.S....