“Traitors, scoundrels” – how the US hit South Korea with subsidies for electronic cars


US President Joe Biden (center), Japanese Prime Minister Fumio Kishida (left) and South Korean President Yoon Suk Yeol (right)

With his anti-inflation law, the US president launched a major investment package. The electric car industry in Japan and Korea has been hit hard.

(Photo: AP)

Such Success for some, betrayal for others: With the recent Inflation Reduction Act (IRA), US President Joe Biden its allies Japan and South Korea against itself. Now Seoul is even considering taking the ally to the World Trade Organization.

The reason for the scandal: A huge investment program in the US largely prevents subsidizing electric cars from abroad, including East Asia. It is an economic disaster for East Asian countries.

According to political commentators, this scandal is a particularly striking example of how the US is endangering relations with close allies through protectionist measures. Given the geopolitical confrontations with the Asian superpower China, Washington’s unconditional solidarity with South Korea and Japan would be crucial – instead, the atmosphere is now polluted by an economic dispute.

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