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Wednesday, March 27, 2024

China takes grievances over Biden EV policy to the WTO

BYD SealChina has filed a complaint against the Biden administration's EV incentive policy with the World Trade Organization (WTO), Bloomberg reports. New rules for the federal EV tax credit enacted in 2022 as part of the Inflation Reduction Act are "discriminatory" and "seriously distorted" the global EV supply chain, the Chinese Ministry of Commerce...

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