2y ago

US moves to choke China’s role in electric vehicle supply chain

www.ft.com /content/7d80627e-c6a6-4216-b4c8-275f089fc447

US moves to choke China’s role in electric vehicle supply chain::Strict new IRA tax credit rules aim to boost domestic industry but could slow transition from petrol

13 comments

As well as dominating EV and battery production, China processes more than half of the world’s lithium, cobalt and graphite, which are crucial inputs.
🤣 Looking at those charts, the US is fucked. Why wouldn't you use this as an opportunity to accelerate trade and cooperation based on a greener future? As hard as that sounds don't we want our politicians to do the hard graft and negotiation that is necessary?
But if course not, let's do Cold War 2 EV Boogaloo instead.
- It’s going to be a Pax Sina with a collapsed America sooner than later.
  
  In your dreams.
  
  This comment is referring to https://en.m.wikipedia.org/wiki/Pax_Sinica this?
🙄 All the US is doing is bifurcating the global economy. China will just do business elsewhere.
- I kinda think that's the plan. The US beat the Soviets that way, they probably think they can repeat that success. Population trends imply this might well work out for the US, but then again AI and Climate Change are real economic wild cards.
  I am honestly not sure how much the US would care if China did less business with them, I think lots of people would actually be happy about that after the supply chain issues seen with COVID19.
  
  The US doesn't want China replacing the US in other countries, though, because that still means less business for the US.
  I don't think this is going to play out the same way it did with the Soviets. The Sino-Soviet split happened specifically because China could see what the United States was doing and how it was going to win the Cold War, so they played the long game and made themselves an essential part of the global economy. I guess it all comes down to whether or not China is ready for this - and it looks like they are.
archive link for the cheapskates.

13 comments