3min chapter

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Noah Kaufman on Green Trade Tensions

IMF Podcasts

CHAPTER

The Inflation Reduction Act and the United States' Climate Action Plans

The Paris Agreement is being used as an excuse to revert back to trade practices that were outlawed by the WTO years ago. There's a real desire to diversify away from a dependence on China, particularly in some of these products like batteries. If the United States isn't engaged on climate, it's hard to see a successful global pathway.

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