The business secretary warns that President Biden's scheme could mark a slide into protectionism.
Business Secretary Grant Shapps has warned that US President Joe Biden's green subsidies could herald a "dangerous" slide into protectionism.
The $430bn scheme includes tax credits for green technologies aimed at attracting investment to the US. Last month International Trade Secretary Kemi Badenoch wrote to her US counterpart complaining it would "harm multiple economies across the world"., American consumers will get incentives to buy new and second-hand electric cars, to warm their homes with heat pumps, and to cook using electric induction., particularly in the energy and auto sectors.
Taking part in a panel discussion at the World Economic Forum in Davos, Switzerland, Mr Shapps said he did not believe the Act was designed to be protectionist, but that could be the result if it was not amended. Protectionist measures have the effect of restricting imports from other countries through tariffs or quotas on imported goods, or other regulations - generally with the aim of shielding domestic businesses and workers from foreign competition.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Grant Shapps 'very concerned' about prepayment meters scandal and orders officials to actGovernment officials will be ordered to take action to prevent hundreds of thousands of families being forced on to energy prepayment meters after i revealed vulnerable are being targeted
続きを読む »
Very honest drug dealer tells cops 'there's a lot, a lot of coke' in his bootVery honest drug dealer Kieran Grant was found with nearly 19kg of cocaine in two bags for life!
続きを読む »
Biden woos Dutch leaders to blockade Chinese chip industryBiden seeks out Dutch support for blockade on Chinese chip industry
続きを読む »
Steph Curry Gifts Warriors' Jerseys to President Biden, Vice President Harris During White House VisitSteph Curry and the Warriors gifted President Joe Biden and Vice President Kamala Harris their own personalized Warriors jerseys during their visit to the White House on Tuesday.
続きを読む »
What Biden’s Documents Reveal About the Confusing Classification System'Information is power—and government officials everywhere are awash in it,' writes Jonathan Abel.
続きを読む »
Undertaker fined for dropping family at Glasgow pub wake wins bus lane appealHester and Lalli Independent Funeral Care was handed a fixed penalty notice after moving into a bus lane at Grant Arms in Glasgow in October.
続きを読む »