Prime Minister Justin Trudeau’s top trade official claimed a diplomatic victory for Canada on U.S. electric vehicle tax credits proposed in a deal between senators Chuck Schumer and Joe Manchin.
Prime Minister Justin Trudeau’s top trade official claimed a diplomatic victory for Canada on US electric vehicle tax credits proposed in a deal between senators Chuck Schumer and Joe Manchin.
The Senate deal announced on Wednesday revives much of President Joe Biden’s tax and climate agenda, but the legislation changes the language on the tax credits so they apply to vehicles built in the North American auto industry, not just in the U.S. Canadian officials had made a major diplomatic effort over the winter to argue the original version would roll back decades of integration in the North American auto sector. Mexico’s government also slammed the initial proposal, calling it self-defeating for the US.
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