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Climate Bill ‘Transformative’ for Auto and Energy Industries



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“A big swath of middle-class Americans will be able to get this credit that otherwise would have been blocked out because of the credit limit,” said Joe Britton, executive director of the Zero Emission Transportation Association, whose members include Tesla as well as makers of charging equipment, suppliers of battery materials and other companies tied to the electric vehicle business. “That’s a big deal.”Read More on the Relations Between Asia and the U.S.Countering China: In a bipartisan vote, the Senate passed a $280 billion bill aimed at building up America’s manufacturing and technological edge to counter China. It is the most significant U.S. government intervention in industrial policy in decades.Taiwan: The Biden administration has grown increasingly anxious that China might try to move against the self-governing island over the next year and a half — perhaps by trying to close off the Taiwan Strait.Trade Policy: The new trade deal announced by President Biden during a trip to Asia is based on two big ideas: containi …

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