China Challenges U.S. EV Subsidy Rules at WTO, Fueling Trade Tensions

China has taken a bold step by filing a complaint against the U.S. at the World Trade Organization, citing discriminatory requirements for electric vehicle subsidies. The Chinese Commerce Ministry raised concerns over a new U.S. rule that disqualifies electric car buyers from tax credits if certain battery components are sourced from Chinese, Russian, North Korean, or Iranian companies. This move, part of President Joe Biden’s climate legislation, has sparked tensions between the two economic powerhouses. China argues that these restrictions create unfair competition and disrupt the market for new energy vehicles. The outcome of this dispute could have significant implications for the global electric vehicle industry and trade relations between the two nations.

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• China Challenges U.S. EV Subsidy Rules at WTO, Fueling Trade Tensions