Mar 27, 2024 02:25 PM
ECONOMY
China Files WTO Complaint Over U.S. Electric-Vehicle Subsidies
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
China’s complaint comes months after the U.S. finalized restrictions that reduced the number of electric cars eligible for as much as $7,500 purchase tax credits. Photo: Bloomberg
(Bloomberg) — China is taking its dispute with the U.S. over electric-vehicle (EV) subsidies to the World Trade Organization (WTO), challenging elements of President Joe Biden’s signature climate law passed in 2022.
The Inflation Reduction Act and associated rules are “discriminatory” and have “seriously distorted” the global EV supply chain, China’s Ministry of Commerce said in a statement Tuesday announcing a complaint it’s filed to the WTO.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
Share this article
Open WeChat and scan the QR code
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新