As several legislators looked on, US President Joe Biden signed the Inflation Reduction Act on August 16. Photo: Los Angeles Times/TNS
As several legislators looked on, US President Joe Biden signed the Inflation Reduction Act on August 16. Photo: Los Angeles Times/TNS

Foreign manufacturers hope US modifies stance on EVs and hi-tech components after midterms

  • US President Joe Biden signed legislation to incentivise domestic production and reduce supply chain threats, especially from China
  • But allies including South Korea, Japan and EU as well as affected industries have said the regulations violate international trade laws and are seeking corrections

As several legislators looked on, US President Joe Biden signed the Inflation Reduction Act on August 16. Photo: Los Angeles Times/TNS
As several legislators looked on, US President Joe Biden signed the Inflation Reduction Act on August 16. Photo: Los Angeles Times/TNS
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