The Albanese government will unveil further industrial policy measures within months in response to America’s large-scale subsidies for strategic industries, Assistant Minister for Manufacturing Tim Ayres said on Tuesday.
Senator Ayres described the US Inflation Reduction Act (IRA) as the “largest economic policy development since the second World War”, and one that will disrupt investment patterns around the world.
Through the US legislation passed last year, companies working in strategically …
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