China files dispute at WTO over US "discriminatory subsidies" in Inflation Reduction Act affecting electric vehicle industry.

China has opened a dispute settlement procedure against the US at the World Trade Organization (WTO) over what it perceives as "discriminatory subsidies" found in the US Inflation Reduction Act. China asserts that these subsidies, which aim to reduce carbon emissions, are contingent upon the purchase and use of goods from the US or imported from certain specific regions. This move by China is aimed at protecting its interests in the electric vehicle industry.

March 26, 2024
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