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0 -0.00117628361468283 -0.000461384737129089 -0.000571369179829569 0.00162831967418206 0.00294813298658892 0.00338807075739131 0.00338807075739131
Stock impact report

USTR backs efforts to strengthen U.S. EV industry despite objections [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs built in the United States by union workers, effective after 2027. It is included in the Biden administration's sweeping climate and social spending legislation now under consideration by Congress. Canadian trade minister Mary Ng told Reuters on Friday that Canada still had some room to maneuver to persuade U.S. senators to block the U.S. Senate from approving the specific U.S. union-made EV provision passed by the House of Representatives. She said Canada "will respond accordingly" if it is enacted, but did not specify details. She added that the proposed credit violates the U.S.-Mexico-Canada trade agreement and would undermine Canada's efforts to produce electric vehicles. Her comments echoed those of Mexican Economy Minister Tatiana Clouthier who said the tax credit was Show less Read more
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