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

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