• Latest
  • Trending

Biden electric vehicle plans sparks outrage in Mexico, Canada

15.11.2021
Microsoft Edge Dev now lets you dub passwords – Windows Central

Microsoft Edge Dev now lets you dub passwords – Windows Central

18.08.2022
Q Lazzarus, the Enigmatic ‘Goodbye Horses’ Singer, Has Passed Away – Brooklyn Vegan

Q Lazzarus, the Enigmatic ‘Goodbye Horses’ Singer, Has Passed Away – Brooklyn Vegan

18.08.2022
Former Trump Org.  CFO Allen Weisselberg pleads guilty to tax evasion – Reuters

Former Trump Org. CFO Allen Weisselberg pleads guilty to tax evasion – Reuters

18.08.2022
German bond yields rise after Schnabel fuels inflation worries – Reuters

German bond yields rise after Schnabel fuels inflation worries – Reuters

18.08.2022
Manchester United Supporters’ Trust delivers Sir Jim Ratcliffe verdict, lists demands from potential new owners and says Glazer protests won’t stop

‘That’s where his head is’ – Sir Jim Ratcliffe is likely to aim for a full Manchester United takeover but risks upsetting Nice fans

18.08.2022
Ring corrected an Android bug that could have exhibited video sequences – Ars Technica

Ring corrected an Android bug that could have exhibited video sequences – Ars Technica

18.08.2022
Kendall Jenner catches sushi with Francesca Aiello, founder of Frankin Bikinis

Kendall Jenner catches sushi with Francesca Aiello, founder of Frankin Bikinis

18.08.2022
Every Harry Potter Reference In Brooklyn Nine-Nine Screen Rant

Every Harry Potter Reference In Brooklyn Nine-Nine Screen Rant

18.08.2022
Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

18.08.2022
Why could L2 finally go to AAA games at the Blockchain – Cryptonews

Why could L2 finally go to AAA games at the Blockchain – Cryptonews

18.08.2022
Crystal Palace vs Aston Villa LIVE commentary: Patrick Vieira’s Eagles seek first win of the season against former rival Steven Gerrard – team news, kick-off time and how to follow

Crystal Palace vs Aston Villa LIVE commentary: Patrick Vieira’s Eagles seek first win of the season against former rival Steven Gerrard – team news, kick-off time and how to follow

18.08.2022

The FDA warns the manufacturer for the illegal marketing of flavored nicotine gums

18.08.2022
Thursday, August 18, 2022
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
No Result
View All Result

Home » World » Biden electric vehicle plans sparks outrage in Mexico, Canada

Biden electric vehicle plans sparks outrage in Mexico, Canada

15/11/2021 06:08:07
in World
0
0
SHARES
Share on WhatsappShare on Facebook

Related posts

Former Trump Org.  CFO Allen Weisselberg pleads guilty to tax evasion – Reuters

Former Trump Org. CFO Allen Weisselberg pleads guilty to tax evasion – Reuters

18.08.2022
Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

18.08.2022

Joe Biden will meet with leaders from Mexico and Canada this week as his plans to encourage Americans to buy US-made electric cars met with furious opposition from two of the United States’ biggest trading partners.

The so-called Three Amigos Summit, to be held at the White House, will take place for the first time since 2016 and comes as senior officials in Mexico City and Ottawa have complained that Biden’s plans to start manufacturing electric vehicles in the United States are crashing internationally. trade rules.

The opposition of some of the United States’ closest allies to a flagship climate policy poses a political and diplomatic dilemma for Biden. The president is committed to both reducing tensions with trading partners following Donald Trump’s tumultuous tenure and using industrial policy to boost green industries like electric car manufacturing.

While yet to be passed, Biden’s broader $ 1.75 billion legislative package contains proposals to offer a $ 7,500 tax credit for electric vehicles made only in the United States. United from 2026. Another tax credit of $ 4,500 is available for the purchase of electric cars made with unions.

On Friday, Mélanie Joly, Canada’s Foreign Minister, said she raised the issue during a meeting with Antony Blinken, US Secretary of State.

Mary Ng, Canada’s Minister of Commerce, has previously written to Democratic and Republican leaders and to Katherine Tai, US Trade Representative, and Gina Raimondo, US Secretary of Commerce, to voice Ottawa’s “very serious concerns” about electric vehicle credits.

Ng’s office said the measures proposed by Washington were “inconsistent” with both its obligations under the USMCA, the updated North American trade agreement between the three countries under Donald Trump, and with the rules of the World Trade Organization.

Tatiana Clouthier, Mexico’s Economy Minister, has sent her own letters to U.S. lawmakers asking that the proposals be amended to bring them into compliance with the USMCA.

“It’s contradictory,” said Clouthier. “They would leave more [migration] with this kind of measurement.

Tai declined to question this week whether the US proposals violate the USMCA trade deal she helped negotiate as the Democrats’ chief trade adviser in the House of Representatives.

“I am aware of the concerns that our trading partners have raised, and we care about those concerns,” she said.

Edward Alden, senior researcher at the Council on Foreign Relations, said the growing dispute between the three nations was “a big problem.”

“Everyone is rushing towards electric vehicles, and automakers are now deciding where to locate their electric vehicle factories,” Alden said.

“This tax credit is a pretty strong incentive to locate final assembly in the United States. So it’s no surprise that Canadians and Mexicans are deeply concerned about this.”

Currently, the North American auto industry supply chain is dispersed across all three countries. According to a recent Congressional Research Service report, some auto parts cross the US, Mexico and Canada borders “seven or eight times” before being assembled into the final vehicle.

The United States imports $ 29.4 billion in auto parts from Mexico and exports $ 5.9 billion in parts to Canada, while exporting $ 11.7 billion in finished vehicles to Canada and $ 67.5 billion in Mexico. CRS reports that vehicle parts exported to Canada and Mexico often return to the United States for incorporation into finished vehicles.

“It’s important to remember that the auto industry is the most quintessential North American, USMCA or Nafta industry,” said Tony Wayne, former US Ambassador to Mexico, referring to the trade deal. USMCA precedent. “It’s more integrated than any other industry.

advised

Canada has hinted that US threats to break auto industry integration at this point could backfire on the United States.

Ng’s letter reminded U.S. officials that Canada was “the only country” in the Western Hemisphere to have reserves of all the essential minerals needed to build an electric vehicle battery, and therefore Canada was ” necessary for the United States to realize their electric vehicle. goals in the future ”.

Mexico’s low labor costs have long attracted automakers, but industry executives already fear it may not be able to attract another investment boom in the switch to electric vehicles.

The plans have also aroused some national political opposition. Joe Manchin, the moderate Democratic senator from West Virginia, opposed part of the proposal to offer an additional $ 4,500 in tax credits for cars made at a US factory where workers are unionized.

Manchin, who holds a deciding vote in a Senate split 50-50 between Democrats and Republicans, said during a visit to an unorganized Toyota plant in Buffalo, West Virginia, that the additional credits were “incorrect” and “not who we are”.

Biden is expected to visit a General Motors electric vehicle factory in Detroit, Michigan later this week to sell workers how his infrastructure bill will help expand electric vehicle supply chains and create “jobs. well-paid unions across the country ”.

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...

Related

Previous Post

IBM and Amazon Web Services Join Forces to Help Oil & Gas Industry Accelerate Energy Transition – PRNewswire

Next Post

Morgan Stanley says to avoid US stocks and bonds in 2022 – BNN

Related Posts

Former Trump Org.  CFO Allen Weisselberg pleads guilty to tax evasion – Reuters
World

Former Trump Org. CFO Allen Weisselberg pleads guilty to tax evasion – Reuters

18.08.2022
0

WASHINGTON — Allen Weisselberg, the former chief financial officer of the Trump Organization, pleaded guilty Thursday to multiple tax evasion...

Read more
Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

Ex-Trump Executive Organization Admits Conspiracy with Company in 15-Year Tax Cheat

18.08.2022
Home sales fell by almost 6% in July while the housing market slips to a recession – CNBC

Home sales fell by almost 6% in July while the housing market slips to a recession – CNBC

18.08.2022

Meme Bed Bath & Beyond stock tumbles as billionaire Cohen dumps stake – Reuters

18.08.2022

Six lessons for American foreign policy

18.08.2022

Judge to hear Trump’s arguments for release of Mar-a-Lago search affidavit – live – Reuters

18.08.2022
Load More
Next Post

Morgan Stanley says to avoid US stocks and bonds in 2022 - BNN

Recent Posts

  • Microsoft Edge Dev now lets you dub passwords – Windows Central
  • Q Lazzarus, the Enigmatic ‘Goodbye Horses’ Singer, Has Passed Away – Brooklyn Vegan
  • Former Trump Org. CFO Allen Weisselberg pleads guilty to tax evasion – Reuters
  • German bond yields rise after Schnabel fuels inflation worries – Reuters
  • ‘That’s where his head is’ – Sir Jim Ratcliffe is likely to aim for a full Manchester United takeover but risks upsetting Nice fans

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • EN

© 2020

No Result
View All Result
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel

© 2020

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: