Green Trade War between the US and the UK in California Observer

The race to rid the world of carbon emissions has created a potential green trade war between the United States and the United Kingdom.

When Joe Biden’s Inflation Reduction Act was passed by the US Congress last summer, it was a good idea. The act included billions of dollars in subsidies for buying electric cars and other eco-friendly products. This was done to boost America’s green economy and fight climate change.

But the fact that these subsidies will only be available to people who buy products made in the United States has upset many European countries. They see it as a thinly veiled attempt to get a piece of Europe’s and Britain’s high-tech manufacturing sector by getting European companies to move factories to the US…Read More

Source: California Observer