America’s allies are furious over trade rules. Democrats don’t care.

Dec 9 2022 by POLITICO - TOP Stories

 

A congressional backroom deal to favor American factories is spiraling into a full-blown global trade conflict, with European and Asian allies furious at being cut out of lucrative U.S. tax credits for electric vehicles.

The European Union, South Korea and Japan are pressing President Joe Biden to weaken America-first manufacturing rules in his signature climate bill ahead of Jan. 1, when only electric vehicles assembled in North America will be eligible for rebates to consumers.

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