The Trade Guys Critical Minerals, CBAM, and AGOA
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Apr 29, 2024 This podcast discusses critical mineral agreements, the administration's climate task force considering CBAM, and the proposed AGOA. They explore challenges in mineral sourcing, carbon border adjustments, and reevaluating AGOA outcomes. Additionally, they touch on strategies for African economic integration and a curious discussion on NFL Draft night and Falconers in Detroit.
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Critical Minerals Agreements
- Countries seek Critical Minerals Agreements (CMAs) with the US due to incentives in the Inflation Reduction Act.
- These incentives, tied to electric vehicles, require components and minerals to originate from FTA countries or the US, excluding China.
Congressional Roadblocks for CMAs
- Congress views CMAs as trade agreements requiring their approval, creating tension with the administration.
- A House bill defining FTAs to cover substantially all trade could block future CMAs, potentially hindering green technology transitions.
Climate Task Force's Purpose
- The White House's new climate task force's purpose remains unclear, even to members like Ambassador Tai.
- It may aim to broaden climate discussions beyond the US-EU relationship on border adjustment measures.