Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

In June, Johan DeNysschen, the COO of Volkswagen of America, told Bloomberg his company is considering the construction of a battery manufacturing facility in North America. That would satisfy the requirement in the Inflation Reduction Act that batteries are manufactured in the US or other countries that are approved trading partners. According to the current North American free trade agreement, American trade officials consider anything made in Canada or Mexico to be domestically produced.

But manufacturing is one thing, The IRA goes further and requires the materials used to manufacture products also be sourced from approved trading partners. Canada is certainly one of them.

Then the roof fell in. The IRA only applies to vehicles built in the US, and that Georgia factory was not scheduled to be up and running until 2025. Two weeks ago, Hyundai and Kia vehicles imported from South Korea were eligible for the federal EV tax credit of up to $7,500. After the IRA was signed into law, they are eligible for nothing. The South Korean government is considering bringing the matter to the World Trade Council, but according to Reuters, Hyundai will now speed up construction of its new Georgia factory.

In the final analysis, that may be a good thing for America. Globalization left many countries like the US vulnerable to the machinations of crooks, thieves, and lunatics. The cheapest solution is often not the best solution.

Interesting that South Korea isn’t an “approved trading partner”. Then again, they’re not part of the USMCA. I suppose this is good for bringing some jobs to America.

New Fakes about Russia-DPRK Military Cooperation

New Fakes about Russia-DPRK Military Cooperation

The second option is more amusing and, alas, more realistic: the source of the sensational information could be such an anonymous and specific medium as Russian politicized Telegram channels, in which the SMO is constantly discussed. However, Telegram’s anonymity often makes it impossible to identify the channel’s real author. This means that any high-school student with a glib tongue can easily portray himself as an “expert from those very structures” involved in the “secrets of the Kremlin court”, even if the information has no real basis in fact.

To conclude the conversation, it is worth noting how the propaganda image of the DPRK has changed: before the SMO, the Western media presented North Korea as a starving third-world country, but now it is a superpower providing Putin with builders, soldiers and now also ammunition. Therefore, the fake about millions of missiles is clearly not the latest fake about the “Jucheans in the Donbass”.

Democratic People’s Republic of Korea (North Korea): Full Text of Kim Jong Un Speech On Nuclear Weapons Policy

We are pleased to present to our readers a very significant policy speech given by Kim Jong Un, the General Secretary of the Korean Workers Party and President of State Affairs. In this speech, he clearly warns the United States that he and his government are prepared to defend the Democratic People’s Republic of Korea (DPRK, known in the US as “North Korea”), including the use of nuclear weapons if the DPRK is faced with an invasion from the USA, the South Korean puppet regime of the US, or both.

The context of the speech is important. As we wrote in the previous article to this one, the United States has engaged in decades of deadly provocations against the Korean workers state in the form of constant “war games” in preparation for initiating an attempt to overthrow the DPRK and restore capitalist exploitation to North Korea. However, in the past several years, the United States has started to openly proclaim its intention to “decapitate” the leadership of the DPRK in a massive attack from South Korea which may include the use of nuclear weapons to destroy the defensive underground bunkers which the workers of the DPRK constructed to survive the massive bombing campaign the US launched against them in the Korean War, killing an estimated 3 million North Koreans. In response, North Korea has – in spite of crushing US sanctions that have caused immense suffering for the workers of the DPRK – embarked on a crash program to develop a nuclear arsenal capable of defending their country. We wholeheartedly agree with this heroic attempt by North Korea to defend itself from the psychotic warmongers of the US imperialist capitalist class and their murderous gangster regime in Washington. The US government is the #1 terrorist threat in the world today! Defend the DPRK! End All Sanctions Against the DPRK Immediately! US Out of the Korean Peninsula Now!

Democratic People’s Republic of Korea (North Korea): Full Text of Kim Jong Un Speech On Nuclear Weapons Policy

Why Revolution? DPRK: History of Continuous US War Games Provocations Against North Korea Since 1953

We are very pleased to republish an excellent history of the massive campaign of threats and intimidation of the Democratic People’s Republic of Korea (DPRK, aka North Korea) by the United States and its puppet government in South Korea since 1953. This document was published in English on one of the official news websites of the DPRK – the Korean Central News Agency (KCNA) on 4 September 2022.

The DPRK is a Stalinist workers state whose rather austere brand of socialism is entirely conditioned by this continual threat of war from the United States and South Korea. Every attempt by the North Koreans to “open up” their country economically has been met with extreme hostility and renewed threats of war from the United States Government, who can never forgive the DPRK for the profound humiliation that heroic socialist workers state inflicted on the US during the Korean War as it successfully defended itself from one of the most murderous and genocidal attacks ever seen in world history. The increasingly threatening statements from the US Government of “Lesser Evil” Democrat Joe Biden to target and annihilate the North Korean leadership in a nuclear attack is what has led the DPRK to increase its expansion of its nuclear arsenal and to publish a revised statement of its intent to use nuclear weapons if necessary to defend itself and its people from any attack from the USA, South Korea or any other regional puppet regime. We say: the DPRK has every right to possess and to use nuclear weapons to defend itself from an attack launched by US imperialism or its puppets. We agree with the latest statement published by North Korea regarding its revised policy regarding the use of nuclear weapons to deter a war on the Korean peninsula and to utilize those weapons against the US forces in South Korea should they attempt to attack the DPRK. We will be republishing the text of that declaration of the DPRK in a new article as soon as possible.

Why Revolution? DPRK: History of Continuous US War Games Provocations Against North Korea Since 1953

Related:

Joint US-South Korea military exercises conclude, with an eye on North Korea and China

Can the U.S. Kick Its Reliance on Russian Uranium?

Posted on September 5, 2022 by John McGregor

John here. France is working to bring all of its nuclear power plants back online before winter and Germany is contemplating a plan to postpone the closure of its plants. Hungary has just issued approvals for two new nuclear reactors from Rosatom. Nonetheless, Ukraine is pushing for sanctions on Russian uranium. Theoretical capacity to replace uranium with thorium won’t translate into immediate results, so any sanctions in the short term would put further pressure on energy markets.

Can the U.S. Kick Its Reliance on Russian Uranium?

Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China!

Sep 3, 2022 – The world is watching Taiwan and now a month after Nancy Pelosi’s visit to Taiwan we are starting to see Asia Pacific countries speak out for peace and hope there is no conflict. In today’s video I document how the US foreign policy is too emotional and lacks strategic direction, both of which will result in a more dangerous and chaotic world.

Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China! via Cyrus Janssen

Cyrus brings up Paul Pelosi Jr but he doesn’t mention which mining companies that Jr invested in. A quick search shows which mining companies and that he was also involved with a few other companies.

Related:

Nancy Pelosi’s Son, A ‘Green Technology’ and Lithium Investor, Was An ‘Unnamed Guest’ On Her Taiwan Trip