Recently, China filed a complaint with the World Trade Organization (WTO) regarding the US Inflation Reduction Act (IRA) and its implementing rules for new energy vehicle subsidies and other measures. In this regard, ChinaMinistry of CommerceOn the 28th, it was reported that the United States’ actions have seriously disrupted the global new energy vehicle industry chain andthe supply chainChina’s prosecution is a legitimate step.
China’s Ministry of Commerce held a press conference on the afternoon of the 28th. Spokesman He Yadong said that in the name of responding to climate change and low-carbon environment, the United States launched the “inflation reduction law” and its implementation details, using the United States as a precondition for subsidies such as Products from specific regions, and the introduction of discriminatory subsidy policies have distorted fair competition, seriously disrupted the global new energy vehicle industry chain and supply chain, and violated relevant WTO rules.
He stressed that China’s prosecution is not only a legitimate move to protect the interests of Chinese new energy vehicle companies and create a fair competitive environment for the global new energy vehicle industry, but also firmly uphold the rules-based multilateral trading system. Is also to protect and safeguard strongly. Global industrial chain and supply of new energy vehicles. The series is stable.
Regarding China’s complaint at the WTO, according to the Russian Satellite News Agency, the US Trade Representativedai qiIt said the United States was studying China’s complaint to the WTO that Beijing believed the United States’ new energy vehicle subsidy measures were discriminatory.
Dai Qi said that the “inflation reduction law” questioned by China allows the United States to respond to the climate crisis and invest in its own competitiveness. He stressed that at the same time, China continues to use unfair and non-market methods and practices to weaken competition and ensure the dominance of Chinese manufacturers in the international market. “The United States will continue to work with allies and partners to respond to China’s unfair and anti-market policies and practices.”
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