Biden: US Makes No Apology for Inflation Reduction Act

The transcript discusses a significant piece of legislation aimed at climate change investment, highlighting its $368 billion allocation. It addresses potential glitches and clarifies a provision related to free trade agreements, emphasizing it was meant for allies. The focus is on ensuring supply chain independence for the US and Europe, avoiding reliance on external sources. The conclusion stresses the goal of creating manufacturing jobs in the US without disadvantaging Europe.

What is the significance of the $368 billion mentioned in the text?

What does the speaker hope for European countries in relation to their supply chains?