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The $430 billion Inflation Reduction Act (IRA) has been criticised by the European Union and South Korea, who say it could hurt their car industries.
It could also negatively impact African nations that produce battery materials.
— SmallCap Communications Inc. (@smallcapcomm) December 9, 2022
Previously: Macron Says US Climate Scheme Would Hurt EU Economy, “Fragment the West”
Electric cars are so retarded.
Except for my man Elon’s electric cars – you should 100% support his company. He’s a cool guy.
RT:
Seoul and Brussels should coordinate their responses to a large-scale subsidy package adopted by the US, South Korean Trade Minister Dukgeun Ahn said on Friday in an interview with EURACTIV.
The Inflation Reduction Act (IRA), a $430 billion climate protection and social investment plan adopted by the US Congress in August, is designed to battle inflation and reduce energy prices, as well as tackling climate change.
However, it also includes massive subsidies for US-produced electric cars and batteries, sparking major concerns that European and South Korean manufacturers will be significantly disadvantaged.
Ahn said South Korea and the European Union should work together to develop a response to the IRA, which was passed by Congress in August. The EU believes that the law violates competition rules, as it provides incentives for buyers of American electric vehicles.
“We have huge room for the EU and Korea to work together and to make the [IRA] system more compatible with the WTO, so as not to cause unnecessary trouble for strategically important parts of our industry,” Ahn said.
A few years ago, no one would dare question unfair US trade practices, let alone call for a transcontinental alliance against these practices. The speed at which the US has lost prestige on the world stage is incredible.
Many seem totally oblivious to this global shift.
Whatever.
Electric cars are stupid.
I have been given a 90-day restriction on Facebook because I posted that electric car batteries include lithium, cobalt. aluminium, steel, copper and plastic.
Big tech continues to suppress anything that goes against their petty rulebook – even when it’s the truth. pic.twitter.com/XNDoaB7ulz— Tedtalksoph 🚜 (@tedtalksoph) November 27, 2022
Even if you could power the cars with wind – and you simply cannot do that at scale – it’s still a complete mess.
Europe has a few reasons to want to join economic alliances against America.
But they’re probably not as brave as the Asians.
Germans can’t even use heat due to America rigging the global economic system in their favor (to the detriment of everyone else and for strange purposes involving anal sex with kids).
RT:
Germany’s BNetzA gas-network regulator has asked households and companies to reduce heating as the nation tries to conserve supplies during the energy crisis, Bloomberg reported on Friday.
The report highlighted that industrial gas consumption in the country declined by 12% in the week through last Sunday while household and commercial consumption dropped by 13%.
The regulator previously said that Germany needs to slash gas consumption by at least 20% to help offset the loss of supplies from Russia.
Citizens should “perhaps not turn the heating up all the way and think carefully about which rooms need to be heated,” BNetzA President Klaus Mueller told public broadcaster ARD on Friday.
“Yesterday’s numbers weren’t so great,” Mueller said, adding that “if it was merely a weekly blip then we can forget about it.” He promised to “observe what happens in the next few days” but cautioned that “we shouldn’t treat this lightly.”
These countries are having a very rough ride, and it is all due to being forced to deny their own interests to serve America.
Both Germany and Korea lost wars to America. They are both heavily occupied militarily. They are not benefiting from this arrangement.
Much worse, Americans are not benefiting from it. We get to be a hollowed-out shell of a nation serving as a vehicle for the Jewish world domination plan.
Not very fun.
