Current location:Stellar Space news portal > travel
U.S. Inflation Reduction Act disrupts global industrial, supply chains
Stellar Space news portal2024-05-21 15:10:10【travel】8People 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://www.afischerphasedrives.com/news-7f599952.html
Very good!(5675)
Related articles
- Six killed in a 'foiled coup' in Congo, the army says
- Ryan Gosling, Mikey Day reprise Beavis and Butt
- Donald Trump trial LIVE: Ex
- Fury as shocking footage shows inside the trashed Columbia University hall that was occupied by pro
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- Saudi Arabia confirms a fitness influencer received an 11
- How to ensure your iPhone alarm goes off
- How you could be allergic to your glass of wine
- Tom Brady and Jay
- Expanding clergy sexual abuse probe targets New Orleans Catholic church leaders
Popular articles
Recommended
Brazil replaces injured goalkeeper Ederson in Copa America squad
Man makes shocking 100
News organizations have trust issues as they gear up to cover another election, a poll finds
UNC's RJ Davis is returning to school for a 5th season. He was an AP 1st
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
30 people are injured when a trailer overturns in southwestern Germany
Here are the top American cities Joe Biden is sending hundreds of thousands of paroled migrants
Hainault stabbing: The police who put their lives at risk to stop sword
Links
- Police build a case against Lego gang: Thieves steal $300,000 worth of high
- Conan O'Brien reveals the WORST 'amateur move' a talk
- Thierry Henry predicts Phil Foden's stunning goal in 3
- OJ Simpson's former NBC Sports co
- JANET STREET
- Brunei's Prince Abdul Mateen
- Netflix fans go wild over 'absolutely brilliant' new drama but are surprised by a shock cameo
- 16,000 SQ FT home in Montana goes on sale for just $10
- Michael Sheen comically reveals how he broke his toe at a gym in LA
- Alicia Keys rocks a studded denim