European officials have acknowledged the green ambitions associated with the package, but they are worried about "the way that the financial incentives under the Act are designed," the document, which will be presented to U.S. officials, says.Speaking in Brussels, the EU's trade chief said, "We have established a taskforce to deal with these issues ... we are currently concentrating on finding a negotiated solution."When asked if the solution would be to start working on a new trade deal with the U.S., Lindner said: "We should be open for it, if both sides agree but at the moment we have to analyze the Inflation Reduction Act with its consequences for our industries.Ngozi Okonjo-Iweala, director general of the World Trade Organization, said Monday that countries need to be "very careful that whatever policies [they] are taking should not be discriminatory, should not favour domestic goods."Speaking to CNBC's Dan Murphy at the COP27 climate summit in Egypt, she recognized that some nations feel the "subsidies that are being given for the electric vehicles may be discriminatory against their own electric vehicle production.""