How Biden’s Inflation Reduction Act changed the world | FT Film

The US was for decades the exemplar of free market globalisation. That changed with Donald Trump’s ’America first’ agenda. President Joe Biden’s landmark Inflation Reduction Act continues the push for re-industrialisation by using tax credits, loans and grants in a bid to create a domestic clean energy supply chain. The FT looks at three companies using IRA incentives to invest in the US and examines whether the legislation signals the end of globalisation #manufacturing #globalisation #useconomy #joebiden #inflationreductionact #trade #tradewar #industrialstrategy #protectionism 00:00 - What is the Inflation Reduction Act? 03:46 - Georgia embraces clean energy dollars 08:20 - General Electric brings jobs back to the US 11:49 - How the Inflation Reduction Act changed the world 14:15 - What the Inflation Reduction Act means for Europe 16:22 - Trade tensions and international relations 19:06 - China remains the factory of the world 22:06 - What the Inflation Reduction Act means for the global south 24:14 - A second Trump administration could change everything See if you get the FT for free as a student () or start a £1 trial: ► Check out our Community tab for more stories on the economy. ► Listen to our podcasts: ► Follow us on Instagram: ’