close Warning: Can't synchronize with repository "(default)" (/usr/svn/silverfile does not appear to be a Subversion repository.). Look in the Trac log for more information.
Modify

Opened 5 months ago

#1589 new defect

Row over electric vehicle subsidy rules overshadows South Korean president's first US visit

Reported by: anonymous Owned by: somebody
Priority: major Milestone:
Component: component1 Version:
Keywords: Cc:

Description

Row over electric vehicle subsidy rules overshadows South Korean president's first US visit

https://onecms-res.cloudinary.com/image/upload/s--_-sn8URL--/c_fill%2Cg_auto%2Ch_468%2Cw_830/fl_relative%2Cg_south_east%2Cl_one-cms:core:watermark:reuters%2Cw_0.1/f_auto%2Cq_auto/v1/one-cms/core/2022-09-19t230620z_1_lynxmpei8i0yc_rtroptp_3_southkorea-politics.jpg

South Korea's opposition to new rules governing US subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol's first official trip to the United States, disrupting a recent display of alliance strength with Washington.

u31.com gaming There should be a good analysis and decision on the choice of slot games, because there are many to choose from and there are many variations.

Yoon, who was in London for the funeral of Britain's Queen Elizabeth, departed for New York late on Monday (Sep 19) to attend the UN General Assembly. He will fly to Canada on Thursday for the last leg of his trip before returning home on Saturday.

In New York, Yoon will hold a summit with US President Joe Biden where both leaders are expected to discuss North Korea's growing weapons threats, and mounting concerns in South Korea over the Inflation Reduction Act (IRA), signed by Biden last month.

The new law eliminates federal tax credits for electric vehicles (EVs) made outside North America, meaning companies including Hyundai Motor Co and its affiliate Kia Corp will no longer be eligible for such subsidies.

The law has sparked complaints from government officials in Seoul, who see it as a betrayal of Biden's vows to boost bilateral economic ties after South Korean companies agreed to make major investments and build factories in the United States.

Seoul officials have said the law may violate a bilateral free trade agreement, and they have asked Washington to postpone the new rules until Hyundai completes building its Georgia factory in 2025. Yoon is likely to reiterate that request during the upcoming summit.

Attachments (0)

Change History (0)

Modify Ticket

Change Properties
Set your email in Preferences
Action
as new The owner will remain somebody.
as The resolution will be set.
to The owner will be changed from somebody to the specified user.
The owner will be changed from somebody to anonymous.

Add Comment


E-mail address and name can be saved in the Preferences.

 
Note: See TracTickets for help on using tickets.