China Gets WTO Panel to Probe US Inflation Reduction Act

China succeeded in its second attempt to establish a dispute panel at the World Trade Organization to review whether subsidies from the Inflation Reduction Act unlawfully favor US goods over imports.

The WTO’s dispute settlement body agreed on Monday to set up the committee after the US had blocked China’s first attempt to this end in July, according to a statement from the organization. The panel will rule on whether certain tax credits under the IRA — President Joe Biden’s flagship environmental and industrial policy — are compatible with international trade rules, the WTO said.

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