THE RIGHT NEWS

THE RIGHT NEWS

18.3 C
New York
Wednesday, December 7, 2022

Latest Posts

China says U.S. EV subsidy rules suspected of violating WTO rules – One America News Network


BEIJING (Reuters) – China said the U.S. Inflation Reduction Act is suspected of violating the WTO rules and will adopt measures to safeguard its legitimate rights when necessary, the commerce ministry spokesperson Shu Jueting said on Thursday.

China will follow and evaluate the implementation of the law, Shu added.

The new law, signed by U.S. President Joe Biden last month, eliminates federal tax credits for electric vehicles (EVs) made outside North America.

(Reporting by Beijing Newsroom; editing by Jason Neely)

tagreuters.com2022binary_LYNXMPEI8L0AY-BASEIMAGE





Source link

Latest Posts

Don't Miss

news digest

Get updates on todays breaking news and special announcements.