President Joe “Multiple Gaffes” Biden may well have played into the hands of Communist China and its state-backed tech companies. This is because of a clause in the so-called Inflation Reduction Act, national security experts have warned.
‘Shocking’ Traversing of the Law
The expert warnings point out the trillion-dollar Inflation Reduction Act contains provisions for electric vehicle subsidies funded with American taxpayer dollars. This could now be easily exploited by companies backed by the Chinese Communist Party, Fox News reported.
The warnings have come after Ford, America’s second-biggest car producer, announced last week a partnership with Contemporary Amperex Technology (CATL), a massive Chinese tech corporation backed by the Communist Party.
As part of the partnership, Ford and CATL plan to build a new factor for EV batteries in Michigan. The deal, however, would allow the Chinese company to get subsidized by the American taxpayer, even though the IRA’s subsidies were theoretically supposed to boost America’s domestic supply chains.
According to Robert O’Brien, former President Trump’s National Security Advisor in 2019-2021, Ford’s dealings with the CCP-backed corporation are “shocking.”
He emphasized America just had the episode with the Chinese spy balloon, which “traversed” the entire continental United States, violating its sovereignty. Against that backdrop, Ford decided it would be a great idea to partner with America’s “adversary” and “leading competitor.”
O’Brien noted the worst part may be precisely the fact that Ford and CATL seemed to be trying to exploit a “loophole” in the IRA, which would enrich the Chinese corporation with American taxpayer dollars.
He also denounced Ford and CATL’s alleged attempts to benefit at the expense of ordinary Americans as “a total perversion” of the IRA, which was supposed to “exclude the Chinese” by boosting America’s supply chains at home.
CCP-backed tech companies are poised to cash in on Biden's climate bill, national security experts warn https://t.co/lLZqyaz0Oq
— Fox News (@FoxNews) February 20, 2023
We should be decoupling our supply chain from China, not providing loopholes for them to exploit our laws.
Joe Biden's reckless 'Inflation Reduction Act' does just the opposite.https://t.co/pAzxbDEtwn
— Rep. Pat Fallon (@RepPatFallon) February 21, 2023
"I would have loved to have had Ford come to Virginia and build a battery plant if they were not using it as a front for a company that is controlled by the Chinese Communist Party."
Why is Michigan allowing this after Virginia said no?https://t.co/nRWc2pZFQM
— Jennifer-Ruth Green (@JenRuthGreen) February 15, 2023
Ford Wants to Take Advantage of US to China’s Benefit
The former National Security Advisor said CATL was subservient to the Chinese communist regime because of its status under Beijing’s national security law.
What is more, the company’s CEO and founder, Robin Zeng, is connected to the United Front influence campaign of the Chinese Communist Party. O’Brien made the prognosis that the US government would likely intervene and dismantle the Ford-CATL partnership.
Commenting on the matter, a spokesperson for Senator Joe Manchin of West Virginia, who co-authored the Inflation Reduction Act, revealed the lawmaker had some “serious questions” for Ford about their partnership with CATL.
Republican Senator Marco Rubio of Florida, who is the deputy head of the Intelligence Select Committee in the Senate, also voiced concerns about the Ford partnership.
The IRA bans EVs with assemblage or components from “foreign entities of concern” from getting a $7,500 tax credit for clean vehicles.
The law thus disqualifies Chinese-made EVs from it. A Brookings Institution report from July said China presently holds 78% of the global cell production capacity for electric vehicle batteries.
Craig Singleton, a China fellow at the Foundation for Defense of Democracies, a nonpartisan nonprofit, said the IRA’s language was not “very clear.”
Companies such as Ford have decided to “test” it and see what they would allow getting away with when partnering with Chinese companies.
Biden claimed his nearly $400 billion in "green energy" subsidies would help "compete with China."
But Ford announced plans this week to use Biden's tax credits to make EV batteries with Chinese workers and technology.
Via @CAndersonMO https://t.co/nvTF0RpsW6
— Washington Free Beacon (@FreeBeacon) February 21, 2023
This article appeared in Mainstpress and has been published here with permission.
China is said to be reviewing a deal between battery maker CATL and Ford.
According to people familiar with the matter, Beijing wants to make sure locally developed technology is not handed over to the US carmaker https://t.co/ybnR3tUCwY pic.twitter.com/P9gMMTSbQX
— Bloomberg TV (@BloombergTV) February 17, 2023