Executive Summary The Inflation Reduction Act (IRA) introduces numerous climate subsidies, including a tax credit up to $7,500 for American consumers who purchase electric vehicles with North American parts and assembly. As a large investor into green energy and electric vehicles in particular, the European Union was upset by the passage of the IRA and its … 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
