Your current location:HOME >entertainment >U.S. Inflation Reduction Act disrupts global industrial, supply chains 正文
TIME:2024-05-21 07:48:52 Source: Internet compilationEdit:entertainment
By 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.
Brazil replaces injured goalkeeper Ederson in Copa America squad2024-05-21 07:31
Dior's VERY star2024-05-21 07:15
China, EU agree to promote people2024-05-21 07:12
Schedule for China's NPC session on March 112024-05-21 06:58
Nuggets blow 202024-05-21 06:52
Beijing half marathon results under investigation after runners appear to hand win to Chinese star2024-05-21 06:48
Bank of America's Q1 profits fall 18% on higher expenses, charge2024-05-21 06:45
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says2024-05-21 06:34
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored2024-05-21 06:06
Supreme Court gives some military veterans more generous educational benefits2024-05-21 05:42
Devout Christian doctor, 68, who punched dementia2024-05-21 07:37
US hypes up 'Volt Typhoon' false narrative to smear China2024-05-21 07:35
A London court rules against a Muslim girl who wanted to pray at a school known for strict rules2024-05-21 07:30
Charlize Theron brings along adorable daughter August, 7, to sit front row at Dior's pre2024-05-21 07:19
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons2024-05-21 07:03
China, EU agree to promote people2024-05-21 06:22
Nelly Furtado wears NO underwear in racy lace2024-05-21 06:21
Texas fined $100,000 per day for failing to act on foster care abuse allegations2024-05-21 05:37
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI2024-05-21 05:20
Bank of America's Q1 profits fall 18% on higher expenses, charge2024-05-21 05:15