China challenges IRA subsidies on renewable energy along with EVs

China is challenging five tax credits established or modified by the U.S. Inflation Reduction Act at the World Trade Organization, including four related to renewable energy production in addition to the electric vehicle credit, according to Beijing’s official request for consultations, which argues the measures violate several WTO rules. The request , which was made public by the WTO on Thursday, argues that the credits are inconsistent with three WTO agreements: the General Agreement on Tariffs and Trade, the Agreement...