A Democrat deal, agreed to by Senate Majority Leader Chuck Schumer (D-CA) and Sen. Joe Manchin (D-WV), subsidizes electric vehicles made in Canada and Mexico — gutting the “Buy American” rules initially included in the legislation.
The Democrats’ “Inflation Reduction Act,” estimated to eliminate about 30,000 jobs in the United States, is set to be a major win for Mexico and Canada’s auto industries as well as the multinational corporations that outsource U.S. auto jobs to each of the countries.
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