2 ms·
The Foxxconn experience illustrates how we got here and why people are fed up with incremental carrots and are clamoring for the stick.
by rayiner 2y ago
The Foxxconn experience illustrates how we got here and why people are fed up with incremental carrots and are clamoring for the stick.
- alephnerd 2y agoWe gave the carrot already thanks to the IRA and CHIPS act, and it's paid off. Honda wouldn't be considering expanding it's US manufacturing presence without the billions in IRA subsidizes given to Honda to help their EV transition (eg. moving the Honda Accord supply chain to Ohio in 2023-24) But now is the time for the stick as well, otherwise all the subsidizes spent on IRA would be wasted by parts co-mingling, transshipment, and other loopholes.