2024

TL/DR - The Inflation Reduction Act (IRA), signed into law by President Joe Biden in August 2022, provides incentives for Americans to make energy-efficient home improvements. The legislation, which allocates nearly $400 billion, including $8.8 billion for home energy rebates, is aimed at supporting a transition to cleaner, more energy-efficient…

TL/DR - The article discusses the opposition of China's automobile industry to measures under the U.S. Inflation Reduction Act. The China Association of Automobile Manufacturers (CAAM) claims that it strongly disagrees with the measures, believing them to be discriminatory for Chinese firms. The association argues the act will harm the world…

TL/DR - The China auto sector has publicly opposed measures proposed in the U.S. Inflation Reduction Act. The sector argues that the proposed measures will negatively impact global supply chain stability. Furthermore, it believes the measures will hinder progress towards global economic recovery. China's Auto Industry Against US Inflation…

TL/DR - The China Chamber of Commerce for Import and Export of Machinery and Electronic Products has voiced strong opposition to the US Inflation Reduction Act (IRA) on behalf of the Chinese automobile industry. The chamber claims that the IRA's subsidies for new energy vehicles (NEVs) violate market economy laws and are aimed at suppressing…