Inflation Reduction Act, export controls sow concern in Korea about U.S. reliability

Controversial domestic incentives in the Inflation Reduction Act and the Biden administration’s unilateral export controls on advanced semiconductors and semiconductor manufacturing equipment have led South Korean officials to question whether the U.S. is a reliable partner, a Commerce Department adviser said on Tuesday. Elizabeth Economy, a senior fellow at Stanford University’s Hoover Institution and the Council on Foreign Relations who also advises the Commerce Department, said that during a recent trip to South Korea her counterparts expressed dismay over the...