Current location:Earth Echo news portal > health
U.S. Inflation Reduction Act disrupts global industrial, supply chains
Earth Echo news portal2024-05-07 23:07:45【health】0People have gathered around
IntroductionBy Chen Zi (People's Daily Online) 13:21, December 15, 2023Cartoon by Ma HongliangThe U.S. governmen
Cartoon by Ma Hongliang
The U.S. government recently enacted the provisions of the Inflation Reduction Act, barring electric cars from qualifying for full tax breaks if battery components were manufactured or assembled by countries like China.
This is how the U.S. politicizes economic issues and deliberately sets up trade barriers in the battery supply chain, in an attempt to suppress China's new energy industry chain. Chinese firms account for more than 50 percent of the global EV battery market and satisfy as much as 90 percent of demand for some battery materials, according to BloombergNEF, Bloomberg's primary research service.
This has severely disrupted global industrial and supply chains and heightened the risk of a fragmented global economy. Competition should be fair and rational. The U.S. should earnestly fulfill its WTO obligations and uphold the authority and effectiveness of multilateral trading regimes.
Address of this article:http://ghana.campingcolorado.net/html-1d899914.html
Very good!(994)
Related articles
- Lawsuit alleges decades of child sex abuse at Illinois juvenile detention centers statewide
- EDITORIAL: Diet ethics panels failing to unravel the tangled LDP funding scandal
- AUKUS a military pact designed to contain China, says Labour
- In pictures: 2024 Rātana celebrations
- Nimmo, Manaea and Díaz lead the Mets to a 4
- Parliament repeals Fair Pay Agreements
- US newsman who created no
- US and UK navies repel largest Houthi attack on Red Sea shipping
- I tried Hollywood's hottest fitness class loved by Jennifer Aniston and Michelle Obama
- Luxon assures Ukraine's Zelensky of New Zealand's 'strong' support
Popular articles
Recommended
Police search Brussels office of prominent far
Man who died in Gisborne mass brawl was celebrating his birthday
Tim Macindoe confirmed as Hamilton's East ward councillor
'It's a deliberate strategy to erase us' – Whanganui iwi prepare for national hui
Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat
Mining for local fertiliser better than buying 'blood phosphate'
EDITORIAL: China should walk the talk with what it says on foreign policy
Claw and order after toddler gets stuck in toy machine
Links
- Trump's abortion statement angers conservatives and gives the Biden campaign a new target
- Ohtani hits 175th home run in Major League Baseball, tying Matsui for most by a Japan
- Congressman Don Beyer went back to college to learn AI
- AAC Commissioner Tim Pernetti says CFP expansion is encouraging and there is room for more growth
- House passes reauthorization of US spy program after GOP upheaval
- Devonte' Graham and the Spurs stun the Nuggets, who fall into a three
- Tennessee GOP Rep. Andy Ogles draws Republican and Democratic challengers
- Donovan Mitchell scores 33 points, Cavaliers clinch playoff spot with 129
- Matias Maccelli scores in OT as Coyotes beat Oilers 3
- Max Fried has strong outing against Marlins after uncharacteristically poor start to season