Although Donald Trump presents himself as a fierce adversary of China, some of his policy moves appear to be a significant boon for the People’s Republic.
This spring, as Trump’s chaotic tariff war captured headlines, a game-changing electric vehicle provision in his “Big Beautiful Bill” lurked just below the surface. After being signed into law on July 4, it turns out that the massive piece of legislation is set to completely upend the American EV market.
That’s thanks to a provision in the bill which terminates the US’s long-standing $7,500 tax…
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