The electric vehicle tax credit is an issue for America’s neighbors.
On Thursday, President Biden met with the leaders of Canada and Mexico to discuss solutions to problems that affect all of North America and beyond.
After the three-hour summit, the White House issued a statement that said, “The leaders pledged to take concrete actions in support of our joint goals, to include: ending the COVID-19 pandemic and advancing global health; fostering competitiveness and creating the conditions for equitable growth, and coordinating a regional response to migration.”
The president met separately with Canadian Prime Minister Justin Trudeau and with Mexican President Andres Manuel Lopez Obrador before convening the trilateral summit.
The two North American trade partners are taken aback by the U.S. electric vehicle tax credit which is part of President Biden’s agenda. They say it could damage the North American auto industry and may even violate the countries’ trade rules. The proposed tax credit would be for U.S. manufacturers of electric vehicles assembled by union workers using U.S.-built batteries.
After the conference, Prime Minister Trudeau said, “We underlined to what point this would be a big problem for auto production in Canada. We very clearly underlined our position.”
Mexico’s foreign minister reported that the meeting was positive, calling the summit “extraordinary” and noting a “good chemistry” among the leaders that “represents a new chapter in the relationship.”
The leaders have agreed to meet again next year in Mexico City.
As the Lord Leads, Pray with Us…
- For the president’s administration as they respond to the concerns of North American trading partners about the proposed tax credit on electric vehicles.
- For wisdom for the president as he and his advisors consider the cooperation needed among the three nations on issues like immigration and security.
Sources: Politico, VOA, Wall Street Journal
