Current location:Global Gateway news portal > business
U.S. Inflation Reduction Act disrupts global industrial, supply chains
Global Gateway news portal2024-05-21 10:38:48【business】1People 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://vietnam.e-directivos.com/article-1b499914.html
Very good!(13)
Related articles
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Hamas airs video of Israeli hostages, says will disclose their fate
- What we're watching: The Great
- Sensitive NZ Police video evidence shuffled around US tech companies
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Sensitive NZ Police video evidence shuffled around US tech companies
- Property at centre of North Shore walkway stoush now up for sale
- 'Unusually cool March': Cold but clear weather for Easter weekend
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- Nine apologises for using digitally altered image of Animal Justice Party MP Georgie Purcell
Popular articles
Recommended
Strictly star Giovanni Pernice's former partner Rose Ayling
Foreign Affairs Minister Winston Peters praises US engagement in the Pacific
Singapore minister Iswaran charged in rare corruption case
Firefighters battle large bush fire in the Far North
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Some imported animal products using production methods illegal in New Zealand
Hamas airs video of Israeli hostages, says will disclose their fate
Doggy ballgowns, surveillance tech and cloning services for sale at China pet fair
Links
- Police seeking arrest of Pennsylvania Rep. Kevin Boyle
- Cops raid the owner of a pack of vicious wolf
- There IS a link between women's periods and the moon after all, study finds
- Jonathan Bailey linked to lead role in Jurassic World film directed by Gareth Edwards
- Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes
- A former youth detention center resident testifies about 'hit squad' attack
- NPR suspends whistleblower who exposed taxpayer
- Rose Byrne looks unrecognisable with a bleached blonde beehive wig on set of latest movie Tow
- Clint Eastwood, 93, reveals the TRUTH about his 'color
- Queen Letizia of Spain is elegant in an off