Abstract
In 2022, the United States began a new journey dedicated to revitalizing its long-lost industrial potential through the Inflation Reduction and CHIPS Acts. While appearing to be classic industrial policies aimed at boosting manufacturing potential in concerned areas, the Acts also mark an attempt at shifting global supply chains to the advantage of the United States. The seemingly innocuous titles of these legislations point towards combating inflation and producing microchips. However, the Acts mask the US’ attempts at shifting critical supplies to domestic or allied territories and must be approached with caution. The Acts contain measures that may attract some WTO disciplines as well as geopolitical tussles. In addition, the efficacy of these Acts can be called into question if viewed in the context of resource scarcity in the US. The article focuses on the potential WTO inconsistencies in the Acts and places it in the context of the state of multilateralism in global trade. The article also attempts to Assess these legislations in terms of their impact on global supply chains.
Recommended Citation
Gupta, Manya and Sharma, Arnav
(2023)
"Turf Wars and Red Herrings: Recent American Legislations and their Impact on Global EVs and Semiconductors Trade,"
Indian Journal of International Economic Law: Vol. 14, Article 9.
DOI: 10.55496/AMFU9777
Available at:
https://repository.nls.ac.in/ijiel/vol14/iss1/9
Digital Object Identifier (DOI)
10.55496/AMFU9777