© Reuters. FILE PHOTO: The U.S. and Japan flags fly together outside the White House in Washington April 27, 2015. REUTERS/Kevin Lamarque
TOKYO (Reuters) – The Japanese government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese and hit employment in the world’s biggest economy.
In a statement, the government raised a number of concerns about the tax credits in the Inflation Reduction Act (IRA), which are designed to build more resilient supply chains as the United States aims to reduce exposure to China.