WTO: China initiates dispute over US tax credits for EVs, renewables

FILE PHOTO: The World Trade Organization logo is seen at its headquarters in Geneva, Switzerland, March 4, 2021. REUTERS/Denis Balibouse/File Photo
Source: REUTERS

WTO: China initiates dispute over US tax credits for EVs, renewables

China has initiated dispute consultations with the United States regarding tax credits under the Inflation Reduction Act to promote the production of electric vehicles and renewable energy, the World Trade Organization said on Thursday.

China claims that the US credits at issue hinge on using domestic over imported goods, or discriminate against goods of Chinese origin, according to the WTO.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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