Report Summary

• The Inflation Reduction Act began life as a $3 trillion Build Back Better fund, but passed with just $369 billion allocated to energy spending
• After 40 years of US companies sending manufacturing jobs to China, Mexico, India and Taiwan – the IRA says that the US wants those jobs back – It is too late and it’s not enough money?
• It will fail to improve on US emissions reduction
• It will trigger a trade war with China and send most of Asia and Europe to closer relationships with China
• It will also lead to the end of the World Trade Organization