The Inflation Reduction Act has given the US an edge in future manufacturing, with billions of dollars in incentives to lure battery plants and chip makers to the US. But it’s also led to tension with close allies that can’t match the amounts the US is offering companies. Bloomberg’s Brian Platt, Gabrielle Coppola and Enda Curran join this episode to talk about how this competition—and the race to keep up with China—is reshaping the global green economy.

Read more: Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

The Inflation Reduction Act has given the US an edge in future manufacturing, with billions of dollars in incentives to lure battery plants and chip makers to the US. But it’s also led to tension with close allies that can’t match the amounts the US is offering companies. Bloomberg’s <a href="https://www.bloomberg.com/authors/AVhsUwCy8eU/brian-platt">Brian Platt</a>, <a href="https://www.bloomberg.com/authors/APKMi7fRJDs/gabrielle-coppola">Gabrielle Coppola</a> and <a href="https://www.bloomberg.com/authors/ASJnLeYEat4/enda-curran">Enda Curran</a> join this episode to talk about how this competition—and the race to keep up with China—is reshaping the global green economy.
Read more: <a href="https://www.bloomberg.com/news/features/2023-07-25/global-subsidy-wars-force-us-allies-to-pay-up-for-chips-evs">Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

The US Lures Top Companies From Allies With 'Made In The USA' Push

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c298ad4a-70ba-4e36-8c69-b057016e726f/transcript

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