How the US–China Trade Conflict Affected China’s Trading Patterns
The trade conflict between the US and China has led to tit-for-tat tariff increases imposed on a significant portion of their respective exports since it started in 2018.
The trade conflict between the US and China has led to tit-for-tat tariff increases imposed on a significant portion of their respective exports since it started in 2018.
The United States passed the Inflation Reduction Act of 2022 (IRA), which includes a controversial incentive to accelerate the adoption of electric vehicles (EVs) produced domestically. This analytical note examines the potential implications of the IRA for the ASEAN+3 EV industry and members’ growth strategy going forward.