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-industrialization 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 globalization.

• 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

#manufacturing #globalisation #useconomy #joebiden #inflationreductionact #trade #tradewar #industrialstrategy #protectionism