Tai, after China launches EVs dispute, defends IRA as ‘groundbreaking tool’

The U.S. Inflation Reduction Act is a “groundbreaking tool” to address the climate crisis and strengthen supply chains, U.S. Trade Representative Katherine Tai said on Tuesday, responding to China’s plan to pursue a World Trade Organization dispute against Washington over IRA tax credits for electric vehicles. Beijing earlier on Tuesday argued the IRA provided subsidies “under the disguise of responding to climate change, reducing carbon emission and protecting environment” but that are instead discriminatory toward China. Tai, in a statement...