One year on: How has US climate plan affected trade ties?

US President Joe Biden’s landmark climate action plan may have been trailed by billions of dollars in clean energy investment, but its potential to reshape trade lines has strained ties with allies.

The Inflation Reduction Act (IRA), signed into law on August 16 last year, directs some $370 billion in subsidies toward America’s energy transition, including tax breaks for US-made electric vehicles and batteries.

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