Laws & Policies in the U.S.

🌱 What tariffs are planned? On 14 May 2024, the U.S. president, Joe Biden announced that he plans to heavily increase the tariffs on several goods imported from China. According to the White House, the new tariffs will affect imported goods worth an estimated USD 18bn. The plan is to phase in the n

🌱 What is the IRA’s goal? The IRA incentivizes the domestic production of batteries. The act aims to reduce reliance on China for batteries and help reach Biden’s goal of having 50% of new vehicle sales in the U.S. be electric or hybrid by 2030. Under the IRA, “[v]ehicles can qualify for the full $