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China Threatens Action Against ‘Discriminatory’ US EV Tax Breaks

Sept. 22, 2022, 9:33 AM

China joined in the criticism of the new US law providing tax breaks for electric vehicles, threatening unspecified action if needed to protect its interests from a law it says is “discriminatory. ”

The clause in the Inflation Reduction Act ruling out tax breaks for vehicles assembled abroad “discriminates against similar imported goods, and is a suspected breach of the World Trade Organization principles” Shu Jueting, spokesperson of the Ministry of Commerce said during a Thursday briefing. “China will continue to assess and evaluate implementation of the legislation and will take measures to safeguard its legal interests when necessary,” ...