Politics shouldn't override innovation: Kenyan economist

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Politics shouldn't override innovation: Kenyan economist

STORY: Politics shouldn't override innovation: Kenyan economist SHOOTING TIME: May 15, 2024 DATELINE: May 16, 2024 LENGTH: 00:01:47 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of China's EV industry 2. SOUNDBITE (English): XN IRAKI, Kenyan economist STORYLINE: The U.S. on Tuesday announced new tariffs on a variety of imports from China, including electric vehicles (EVs), lithium batteries, photovoltaic cells, critical minerals, semiconductors, steel and aluminum. The additional levy will cause tariffs on Chinese EV imports to rise to 100 percent this year. A Nairobi-based economist said the U.S. move shows how politics override innovation, noting that protectionism will harm the global decarbonization trend and industry growth. SOUNDBITE (English): XN IRAKI, Kenyan economist "We are seeing politics overriding innovation. Everybody believes that world is at time to become decarbonized world, so that we move away from fossil fuels, coals, gas, petrol, diesel and so on. And one of the ways to

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