Daily News Article - November 12, 2024
1. What is the goal of the Biden administration's Inflation Reduction Act?
2. a) How much money in U.S. tax credits was Chinese owned Trina Solar set to receive from President Biden's climate law (the Inflation Reduction Act)?
b) Is Trina Solar the only Chinese business to receive U.S. tax credits?
3. a) What did Trina Solar do with the new factory it had just built in Texas?
b) What was the reason Trina sold the factory? (para. 3, 7)
4. Re-read paragraphs 12-16, 23-24, 29. How has Chinese owned Trina Solar attempted to get around being blocked from receiving U.S. tax credits now that Trump has been re-elected?
5. What is your reaction to Freyr CEO Dan Barcelo's assertion about the U.S. tax benefits in para. 17-18?
6. a) What type of Chinese companies are prevented from receiving U.S. tax credits?
b) Why do you think the Biden administration did not include prohibitions for Chinese solar manufacturers?
7. Re-read paragraphs 20 and 21 supporting and opposing Chinese factories operating in the U.S. With which argument do you agree? Explain your answer.
8. American owned companies can only operate in China if they form a joint venture with a Chinese company. What do you think: Should the U.S. ban Chinese companies from building factories in the U.S.? Explain your answer.