Official announcement or legislative change by the U.S. government

China Requests WTO Expert Panel on U.S. EV Subsidies Dispute Over Inflation Reduction Act

Jul 15, 2024, 09:23 AM

China's government is seeking to address its ongoing trade conflict with the West over electric vehicles (EVs) by requesting the World Trade Organization (WTO) to establish an expert panel. The Chinese Ministry of Commerce (MOFCOM) announced that this move aims to protect the interests of its EV industry in response to the U.S. Inflation Reduction Act, which includes subsidies for electric vehicles. This development marks a significant step in the trade dispute between China and the United States, highlighting the escalating tensions over EV market competition and NEV subsidy.