Marketplace RIP to the EV tax credit
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Jul 8, 2025 Chad Bowne, a Senior Fellow at the Peterson Institute for International Economics, dives into the demise of the electric vehicle tax credit after nearly 20 years. He discusses how this credit spurred EV innovation and what its loss means for future consumer costs. The conversation also covers the vertical integration strategies of major retailers to tackle supply chain issues, and a groundbreaking moment as Canada's LNG export journey commences. Additionally, labor market shifts and their impact on work preferences are explored.
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Tariffs Disrupt Trade and Supply
- U.S. tariffs imposed by the Trump administration escalate trade tensions and disrupt supply chains.
- Tariffs risk raising costs on critical imports like semiconductors and cars, impacting industry and consumers.
Walmart’s Vertical Integration Move
- Walmart is vertically integrating by opening its own beef processing plant.
- Vertical integration helps retailers adapt faster and control costs amid supply chain challenges and tariffs.
Canada’s First LNG Export to Asia
- Canada’s new LNG tanker marks its first direct LNG export to Asia, bypassing U.S. tariffs.
- This opens fresh markets for Canadian natural gas amid tariff tensions with the U.S.