MSOpinion One year on: How has US climate plan affected trade ties? US climateplan trade Opinion ManilaStandard MSOpinion read more:
“But the incentives, which boost American manufacturing after years of offshoring, have triggered fears that they could draw businesses out of other countries”
“This was really the United States coming into the game in a big way,” said Joshua Meltzer, senior fellow at the Brookings Institution. To qualify for the full credit, vehicle batteries should also have a percentage of critical minerals sourced from America or countries with which it has free-trade pacts, leaving the European Union and, initially, Japan in the cold.
There appeared to be a “lack of understanding that US allies were not all US free-trade partners,” he added, leading to some “creative accounting” by the Treasury Department in defining how the law would be implemented. Other South Korean companies have forged partnerships with US ones to build assembly lines meeting IRA requirements, such as battery maker Samsung SDI’s joint venture with General Motors to build an EV battery plant in the US.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Isko Moreno hoping to be One Cebu’s anointed oneCDNTopStories: Presidential aspirant and incumbent Manila City Mayor Francisco “Isko Moreno” Domagoso on Friday said he is hopeful to be chosen as One Cebu’s bet for president in the 2022 elections. CDNDigital
Read more »
Pacquiao pushing for 'one student, one gadget' program in educationPROMDI presidential aspirant Sen. Manny Pacquiao has vowed to push for a “one student, one gadget” in the country’s education program to give students equal opportunities in shaping their future.
Read more »
Pacman seeks one student, one gadget policyPROMDI presidential aspirant Sen. Manny Pacquiao, claiming education is a great equalizer between the rich and the poor, has vowed to pursue a “one student, one gadget” program to create equal opportunities for poor students. Read it here:
Read more »