After the most sustained bout of inflation in a generation, you’d think governments would be looking to do everything they could to reduce the prices of consumer goods. When it comes to energy, just the opposite is happening.

President Joe Biden’s administration is considering further lifting 27.5% tariffs on Chinese electric vehicles to help prop up a flagging domestic industry, Bloomberg News reported last month. That follows the European Union launching an anti-subsidy investigation of the same sector and threatening countervailing levies on China’s EV exports on top of the current 10% duties. Earlier in December, Washington also introduced rules to stop carmakers who use Chinese batteries getting access to tax credits.

QOSHE - Tax Officials Are Making Your Energy More Costly and Dirty - David Fickling
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Tax Officials Are Making Your Energy More Costly and Dirty

5 1
08.01.2024

After the most sustained bout of inflation in a generation, you’d think governments would be looking to do everything they could to reduce the prices of consumer goods. When it comes to energy,........

© Bloomberg

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