Your current location:HOME >entertainment >U.S. Inflation Reduction Act disrupts global industrial, supply chains 正文
TIME:2024-05-01 09:49:56 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.
Eli Lilly, 3M rise; MicroStrategy, Chegg fall, Tuesday, 4/30/20242024-05-01 09:37
Chinese premier addresses opening of Summer Davos2024-05-01 09:27
Chinese premier calls for better communication, exchanges among international community2024-05-01 09:05
Nick Lodolo stars in return as the Reds beat the light2024-05-01 08:36
US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition2024-05-01 08:34
India's top court refuses to hold appointment of election commissioners2024-05-01 08:24
Xi underlines prioritizing people's safety2024-05-01 07:50
Feature: Rafah drowning in tears as Palestinians bid farewell to loved ones for survival2024-05-01 07:25
Chris Hemsworth flexes muscular form as sword2024-05-01 07:16
Feature: China2024-05-01 07:12
Want to avoid Alzheimer's? What the experts do themselves to slash their risk of getting the memory2024-05-01 09:40
China honors promise to ensure smooth running of Chengdu Universiade: Xi2024-05-01 09:37
Ceremony held to mark anniversary of China's resistance war against Japanese aggression2024-05-01 09:17
Israeli, U.S. officials meet virtually on Rafah after Netanyahu scraps delegation to Washington2024-05-01 08:55
North Carolina bill compelling sheriffs to aid ICE advances as first major bill this year2024-05-01 08:37
Xi presents order to promote military officers to rank of general2024-05-01 08:00
CPC leadership reviews guidelines on policies supporting construction of Xiong'an2024-05-01 07:54
Policeman killed in explosion in NW Pakistan2024-05-01 07:52
Judge dismisses lawsuit against Saudi Arabia over 2019 Navy station attack2024-05-01 07:33
Aerin Frankel stops 15, Laila Edwards scores 3 as US wins 52024-05-01 07:07