Trump Threatens to Roll Back Inflation Reduction Act, Could Benefit China, Says GM Board Member

Trump vs. Biden: The EV Edition

When it comes to the Inflation Reduction Act it seems like we're in the middle of a political tug of war between Trump and Biden. Trump is threatening to squash the IRA like a bug claiming it's all just a 'political game.' I mean this feels like a classic Saul Goodman case lots of drama big promises and some serious legal jargon mixed in.

Cue the Chinese Invasion

With Trump eyeing a potential rollback of the IRA GM board member Jon McNeill is sounding the alarm bells on China. Chinese automakers like BYD are ready to pounce and McNeill is basically saying 'Not on my watch!' It's like a high stakes game of automotive chess and the U.S. doesn't want to lose its queen to China.

Tariffs to the Rescue?

President Biden is unleashing his tariff weapon to fend off the Chinese invasion of EVs. Quadrupling tariffs on China made electric vehicles sounds like a bold move but will it be enough to keep the Chinese competitors at bay? It's like a legal showdown in the Wild West of the automotive industry who's going to draw first?