Good 🧵 on the #IRA 👇

Why we shouldn't be so negative about it...

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RT @Brad_Setser: European criticism of the Inflation Reduction Act's narrow definition of friend-shoring isn't a surprise.

But it is strange that most of Europe now believes the IRA is a massive threat to European industry, while even more discriminatory Chinese policies are largely ignored

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🐦🔗: https://n.respublicae.eu/MChahim/status/1618535366524567553