The European Union has “serious concerns” about the U.S. Inflation Reduction Act, saying it breaches international trade rules, according to an official document seen by CNBC. The sweeping tax, health and climate bill was approved by U.S. lawmakers back in August and includes a record $369 billion in spending on climate and energy policies. The landmark package comprise tax credits for electric cars made in North America and supports U.S. battery supply chains. European officials have acknowledged the green ambitions associated with the package, but they are worried about “the way that the financial incentives under ... (full story)