Ten year, $369 billion "Energy Security" and "Climate Change" programmes embedded in the Inflation Reduction Act breach World Trade rules
It turns out that the continued spending (like a drunken sailor) of money that the US has to borrow in order to push “woke” policies, are in direct violation of World Trade Organization rules and regulations.
The Biden Administration continues to resemble a morbidly obese and dementia-ridden “person” stumbling around on oversized flippers with a mask and snorkel on back to front.
“Britain has joined an international backlash against US President Joe Biden's multi-billion dollar package of green subsidies. International Trade Secretary Kemi Badenoch has been revealed to have written to her US counterpart, Katherine Tai, to complain about the structure of Washington's Inflation Reduction Act (IRA). As part of the huge economic package, which was signed into law in August, Mr Biden has committed $369 billion to energy security and climate change programmes over the next ten years.”
“As part of the huge economic package, which was signed into law in August, Mr Biden has committed $369 billion to energy security and climate change programmes over the next ten years. This includes tax incentives, grants and loan guarantees, but the legislation has prompted anger among other countries. The EU and South Korea have both claimed the IRA package could breach World Trade Organisation rules and unfairly disadvantage their companies against US rivals.”
It should be clear to all now that the Biden Administration is staffed with morons with the intellectual depth of a puddle and the geo-political awareness of a mentally challenged dung beetle.
“The EU is already demanding tweaks to the package to copy the exemptions already granted to both Canada and Mexico, with Brussels' officials in discussion with US counterparts.”
A dispute between an EU filled with virtue signalling morons and a US filled with dumber equivalents is akin to watching a couple of cartoon characters slapping each others forearms whilst a few feet apart. But when they kiss and make-up, ideas like starving millions of human beings to prevent cows emitting nitrogen will enable the resumption of their contest to determine who is the biggest virtue signaller to resume. I wonder if anyone will ask them why the level of nitrogen remains constant despite the fact that millions upon millions of herds of animals like buffalo, elephants etc have been effectively eradicated over centuries. Maybe the US and EU will combine to eradicate ALL wild animals in order to meet their chicken little goals.
The article finishes with a statement worthy of a “jobsworth” career bureaucrat.
'As President Biden has made clear, the United States is listening to the concerns of our allies and partners regarding their concerns about the IRA, and we remain committed to working together on a productive way forward.'
Yeah, really.
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Biden needs to be executed in Gitmo ! Please !
Indeed, thank you and shared.