Current location:world >>
U.S. Inflation Reduction Act disrupts global industrial, supply chains
world8195People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wonders news portal”。http://norway.ultrasupramonte.com/html-56f699904.html
Related articles
Brazil replaces injured goalkeeper Ederson in Copa America squad
worldRIO DE JANEIRO (AP) — Brazil coach Dorival Júnior has replaced injured goalkeeper Ederson with Sao P ...
【world】
Read morePakistan women's great Bismah Maroof retires from international cricket
worldLAHORE, Pakistan (AP) — Former Pakistan women’s captain Bismah Maroof retired from international cri ...
【world】
Read moreIntangible cultural heritage exhibition held in Xinjiang
worldURUMQI, Aug. 23 (Xinhua) -- An intangible cultural heritage exhibition took place in Aksu Prefecture ...
【world】
Read more
Popular articles
- National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
- More than 100 inmates break free from a Nigerian prison after heavy rains
- Xander Bogaerts has season
- Third man is detained in a major bribery case that involves Russia's deputy defense minister
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- China to improve museum docent services
Latest articles
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Naomi Watts, 55, proves she's in the best shape of her life as she flexes her eye
Fury over NYC restaurant reservation scalpers making $80k a year by hoarding coveted dining slots
EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi
Cruise worker 'murders newborn son on board ship': Shocked co
Tori Spelling reveals no one has 'broken my heart' since 'first love' and Beverly Hills, 90210 co
LINKS
- LenstoLens
- China Steps up Efforts to Boost Employment
- Across China: Slow Train Provides Mobile Library Along Yangtze River
- Village Basketball Competition Kicks off in SW China's Guizhou
- People Visit Guangyang Isle for Ecological Education Tour in SW China's Chongqing
- Moxibustion Treatment Picking up During Heat Waves
- Yangtze Island Tours Put Kids in Touch with Nature
- LenstoLens
- China to Ensure Women Employees' Rights, Interests
- (China Economic Roundtable) Chinese Economy Sees Hard