WTO to examine China complaint over US electric vehicle subsidies
==========
The WTO agreed on Sept 23, 2024, to establish an expert panel to examine China's complaint against US electric vehicle subsidies, which Beijing claims are discriminatory. China initially brought the case in March, arguing that the US Inflation Reduction Act (IRA) violates WTO rules by distorting competition. The US defends the IRA as a climate crisis response and a means to enhance economic competitiveness. The US blocked an initial request for a panel in July, but a second request was granted. The dispute occurs amid rising tensions between the US and China over trade issues, including tariffs and technology.
#Wto #China #Us #ElectricVehicles #Subsidies #TradeDispute #InflationReductionAct #GlobalEconomy #ClimateChange #InternationalRelations
https://www.spacedaily.com/reports/WTO_to_examine_China_complaint_over_US_electric_vehicle_subsidies_999.html
Space Daily /
npub1vc…2q52e
2024-09-24 05:53:57
Author Public Key
npub1vcxqc4yhuvwqnqeqwmen9rvc05rq7ammzgn37wwpaem2ead2cedsr2q52ePublished at
2024-09-24 05:53:57Event JSON
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"content": "WTO to examine China complaint over US electric vehicle subsidies\n==========\n\nThe WTO agreed on Sept 23, 2024, to establish an expert panel to examine China's complaint against US electric vehicle subsidies, which Beijing claims are discriminatory. China initially brought the case in March, arguing that the US Inflation Reduction Act (IRA) violates WTO rules by distorting competition. The US defends the IRA as a climate crisis response and a means to enhance economic competitiveness. The US blocked an initial request for a panel in July, but a second request was granted. The dispute occurs amid rising tensions between the US and China over trade issues, including tariffs and technology.\n\n#Wto #China #Us #ElectricVehicles #Subsidies #TradeDispute #InflationReductionAct #GlobalEconomy #ClimateChange #InternationalRelations\n\nhttps://www.spacedaily.com/reports/WTO_to_examine_China_complaint_over_US_electric_vehicle_subsidies_999.html",
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