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Vol 64 No 22

Published 2nd November 2023

China, Europe and the US mull tariff war amid scramble for Africa's green minerals

Corporate rivalries and geopolitical tensions disrupt markets for electric vehicles | Special Report by Tim Concannon

Expectations for the UN COP28 Climate summit in Dubai next month are muted because their host is a leading fossil fuel economy and because of rising geopolitical tensions.

This year's United States Inflation Reduction Act by President Joe Biden's administration includes hundreds of billions of dollars of green financing in a law to protect US jobs and companies.

Now European Commission President Ursula von der Leyen plans a similar measure to protect European manufacturers of electric vehicles from what she thinks is susbsidised competition from China. 

Our climate editor, Tim Concannon looks at the implications of these rivalries for African economies which supply many of the critical green minerals. 

For a detailed analysis of these shifts, read our Special Report here: China, Europe and the US mull tariff war amid scramble for Africa's green minerals

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