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Three Key Outcomes of the “One Big Beautiful Bill Act” on US Manufacturing and Innovation
The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
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AboutNote
The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
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This note is the fourth in a series of briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.
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We detail changes to the final bill, representing effective repeal of the most impactful energy tax credits.
Report
In the first quarter of 2025, clean energy and transportation investment in the United States totaled $67.3 billion, a 6.9% increase from the same period in 2024 but a 3.8% decrease from the previous quarter.
Report
Chinese FDI in the EU and UK reached €10 billion in 2024, rising 47% from the previous year. Europe also captured 53.2% of Chinese investment in high-income economies.
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How much revenue could a hypothetical sale of China's state-owned assets yield?
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If tariffs remain high, US-China trade flows will be redirected in the medium term: Third countries may find opportunities to serve US demand, but will also face an influx of low-priced Chinese exports.
Report
To answer whether MIC25 was successful, we measure outcomes across four of the plan's main categories: China’s import dependency, dependency on foreign companies, global competitiveness, and technological leadership.
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