Eve here. Trump’s persistence in retreating in the past is that we are creating even more destruction in the United States than we have suffered from progress in the decline of our empire. This post explains how Trump’s “Big Beautiful Bill” has all sorts of Chinese bennies.
Dana Nuccitelli, research coordinator for nonprofit citizen climate lobby, and environmental scientist, author and author of Climateology vs. Pseudo-science, published in 2015. Originally published on Yale Climate Connection
July 4th – America’s 249th birthday – President Donald Trump has signed a bill that will generate the country’s status as a global economic superpower in China very well.
As the nonpartisan energy think tank RMI argued, the world is in the midst of a transition from the information age, led by the US, which controls the development of new software and information technology, by dominating renewable energy technologies of the renewable age.
This transition is dominated by rebel clean technologies such as solar, wind, electric vehicles and batteries.
The transition to the new global economic age and the countries that lead them. (Image credit: used in RMI/Permision)
China’s manufacturing industry is investigating heavily with TOSE technology. To help the US economy compete better in the clean technology sector, Democrats passed the Inflation Reduction Act, or anger, in August 2022.
And it was working.
The US experienced a clean energy production boom over the next two years. But it passes through Republans’ new budget settlement law, “One Big Beautiful Bill Act,” and thwarts those incentives and pulls rugs from under the country’s clean energy industry that was born.
On the American birthday, President Donald Trump would not have been able to give the Chinese economy more genre gifts.
China’s manufacturing industry controls the EV market
The US has the world’s second branch car market, but EVS accounts for less than 10% of the country’s new car sales. It can give us the mysterious impression that EVs are showing us something similar to our residents.
In fact, in 2024, more than one of the five new passenger cars sold worldwide was electricity. Market research firm Bloombergnef predicts the share will rise to about one in four new cars this year. According to the International Energy Agency, it could rise to four by 2030 by 2030. In other words, the global automotive market is increasingly gaining electricity.
China You have the world’s largest domestic car market, and half of the new vehicles sold in the country today are EVs. Additionally, Chinese automakers dominate the global EV market, offering a wide range of advanced vehicles at affordable prices. Segal, the cheapest model for electric car giant BYD, has been stabbed for under $10,000, dramatically lowering US-based companies like Tesla.
Ford CEO Jim Farley recently described the Chinese EV as “a lot better than what I see in the West.” He added that if his company loses the EV market to Chinese automakers, “there is no Ford of the future.”
Former President Joe Biden has secured 100% tariffs on Chinese EVs to protect the domestic US industry. And EVS’ USND was hoping to grow rapidly over the next few years as a result of the federal tax credits for US-made electric vehicles and US tailpipe pollution controls.
But the Republic’s new budget law ends the former with Septent 30 and the Trump administration, where you broke the latter.
As a result, Princeton and Energy Systems Modelerers of the Bloombergnef project have, as previous experience, only about half of the residents will purchase EVs over the next five years. By 2030, only about 27% of new US cars adoption has been experienced by electricity, with up to 80% in China sharing it.
Chinese companies have also won the solar market
The story resembles a solar panel. Solar energy is cheap, is quick to deploy and virtually produces no pollution during its operation. This accounts for around 70% of all new global power generation training added in 2024. This includes nearly 60% in the US.
According to the International Energy Agency, Chinese companies manage 80% of the global solar panel manufacturing supply chain.
The IRA aimed to strengthen the US solar industry through clean electricity tax credits. However, modelling by Princeton experts shows that Republican budget laws will take away roughly 40% less clean energy over the next decade as a result of the rapid phase-out of these incentives. Companies like US solar manufacturer Talon PV have already cancelled other uncertainties like Trump’s unpredictable tariffs, in anticipation of the clean energy tax credits.
When the outrage became law, it occurred with planned battery, EV and solar manufacturing investments, according to a project tracking the announcement of clean energy manufacturing by the Wellesley College team. It has since dropped sharply since the last Noverber election and the associated threat to clean energy incentives.
Energy Innovation, Yale’s Climate Connected Content
Until the announcement quarter of investment in the US Clean Energy Manufacturing Project. (Image credit: Wellesley College’s The Big Green Machine Database / Permission -with Permission)
Budget adjustment methods give other benefits to the Chinese economy
The large budget laws probably caused a huge number of other negative effects. Experts warn that it will create energy shortages as electricity demand rises rapidly and natural gas turbines face long-standing delivery backlogs. American companies could leave scrambling to find sufficient supply to meet rising electricity demand.
Increased national relations to fossil fuels lead to an increase in U.S. residents with air pollution and illness, and at least 17 million health insurance and more than 300 hospitals face the risk of closures as a result of other provisions in the GOP’s new law.
The Senate reduced the bill by 25%.
It was almost assumed that the climate would be worse because it was as harmful as the final act. The version that passed through the house first handed over effectively and immediately thwarted the clean electricity tax credit. It was so damaging that 13 House Republicans appealed to amend the bill that had just voted for the Senate.
The Senate Finance Committee has actually made some improvements, relaxing the clean electricity requirements to qualify for tax credits, and surprisingly extended the timeline of sources other than the solar and wind.
Republican Sens. Lisa Murkowski (Alaska), Joni Ernst (Iowa), Chuck Grassley (Iowa) and John Curtis (Utah) report construction and are still eligible for the full power tax credit.
Compared to the current situation, Princeton modelers estimated that the House version of the bill would increase the average US household energy bill by more than $2,000 over the next decade, adding around 2.7 billion tonnes of climate pollution to the atmosphere. The bill passed in the Senate and signed into law by Trump is projected to add 2.1 billion tonnes of climate pollution, which will cost US households under $1,700 in high energy bills over the next decade.
This costs about 25% less than the house version for both the notebook and the climate.
But that was a significant wave than the current state of Biden Bee police and regulations, and the accelerated deployment of cheap solar and wind energy was expected to cut the household energy bill by about $600 over the next decade.
And, according to Carbon Brief’s analysis, the US has surpassed 7 billion tonnes of climate pollution, with its new course, Paris’ commitment in 2030.
Revenge annual energy costs under the ongoing Biden administration policy (green), the proposed House budget bill (blue), and the Senate bill that Trump signed into law (grey). (Image credit: Princeton Repeat / CC 4.0)
Given the smallest margin of the margin the bill passed the Senate, Republican senators could have sent the bill back to the drawings after Senator Markowski extracted various concessions for her state and clean energy infringers, then sue her claims to ensure she secured.
Everyone charges people they don’t like, except Chinese manufacturers
Due to the vast nature of the big budget law, it was submitted to almost everyone disliked. And in fact, polls have consistently found that America is opposed to the bill by a 2-1 margin.
Increased energy costs, domestic manufacturing, employment, losses in economic growth, swelling national debt, energy shortages, dramatic cuts to social safety nets, worsening revenue inequality, or extra 2 billion tons of tons that love big budget bills. That’s what Robbie Orvis, senior director of modeling and analysis of energy innovation.
“To sum it up, this bill is a gift for China and you must be smiling new to see what’s going on. We are giving them the industry of the future, making the US a very difficult place and reducing energy security.”
