Executive Summary Introduction On August 16, 2022 President Biden signed into law the Inflation Reduction Act of 2022 (IRA). The IRA included numerous subsidies for corporations and consumers who produce and utilize “green energy.” Among the various product subsidies is a large tax credit for consumers who purchase American-made electric vehicles. The European Union was … Continue reading
Tag Archives: World Trade Organization
Biden Wrongly Backed Trump in Steel Feud with the World Trade Organization
In March 2018, the Trump Administration levied a 25% tariff on steel imports and a 10% tariff on aluminum imports. The tariffs launched an international trade war between the United States and the majority of its closest trade partners. Multiple nations, angered by the tariffs, responded through formal complaints against the United States through the … Continue reading
Policy Interns 