The Inflation Reduction Act (IRA) is a good example of what a “Modern American industrial strategy” touted by the Biden administration can achieve. The act is a historic, once-in-a-generation $369 billion legislation that can help accelerate the green transition, get the U.S. on a feasible path to meet its greenhouse gas (GHG) emission reduction goals by 2030, and strengthen and diversify the American supply chain in key industrial sectors like electric vehicles (EVs) and batteries. However, something important is missing here: Enhanced international cooperation with allies and partners. The EV tax credit provision of the IRA and the discriminatory nature of the North American as
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