BEIJING, (Reuters) – China has requested the World Trade Organization set up an expert panel to help settle a dispute over electric vehicles subsidies under the U.S. Inflation Reduction Act, the country’s commerce ministry said on Monday.
The world’s No.2 economy opened the WTO dispute in late March after the Biden administration passed the IRA, a wide-ranging law that provides billions of dollars in tax credits to help consumers buy EVs and firms to produce renewable energy, as the White House looks to decarbonise the U.S. power sector. Continue reading “China asks WTO to set up panel for US electric vehicle subsidies dispute”