U.S. Treasury Secretary Yellen said on Friday that she expects that future limited free trade agreements focused on battery minerals with the European Union and other trusted allies would not need approval from Congress.
Countries with U.S. free trade agreements can also access the credits, and this is a provision that the Biden administration hopes to exploit by negotiating limited trade deals focused on battery minerals.to qualify under commercial EV tax credit rules, a move that Yellen said would cover most vehicles for now. Over time, she said she hoped that trade agreements would allow more sold vehicles to qualify over time.
"I think the word 'free trade areas' was meant to mean reliable friends and partners with whom we can feel we have secure supply chains so we feel this is fully the intent of Congress and we'll be able to negotiate such agreements," Yellen said. The Treasury already has said that it will qualify existing comprehensive free trade pacts Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, South Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru and Singapore.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US Treasury Sec. Yellen: Sanctions imposed with Western allies are isolating Russia's economyUS Treasury Sec. Yellen: Sanctions imposed with Western allies are isolating Russia's economy Politics UnitedStates RussianFederation Ukraine DollarIndex
Baca lebih lajut »
US Treasury Sec. Yellen: Will resume discussions with China on economic issues 'at an appropriate time'Further comments are crossing the wires from US Treasury Secretary Janet Yellen, now speaking about the US-China ties. \ We are working with partners
Baca lebih lajut »
India finance minister and U.S. Treasury's Yellen discuss debt, cryptoIndian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said.
Baca lebih lajut »
US Treasury Sec. Yellen: Inflation coming down but core measures remain elevatedOn the sidelines of G20 finance ministers and central bank governors' meeting on Friday, US Treasury Secretary Janet Yellen said that “inflation is co
Baca lebih lajut »
New estimate finds US could face default on debt by early June if Congress doesn't actTreasury Secretary Janet Yellen notified Congress in January that her agency was resorting to 'extraordinary measures' to avoid default.
Baca lebih lajut »
New estimate finds US could face default on debt by early June if Congress doesn't actA new estimate finds the U.S. could face an unprecedented default as soon as early June if Congress does not act to lift the debt limit.
Baca lebih lajut »