🌍 China's auto sector is pushing back against U.S. policies it calls 'trade bullying,' sparking fresh tensions in the global EV race. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products publicly condemned subsidies under the U.S. Inflation Reduction Act (IRA), calling them 'discriminatory' and harmful to fair competition.
Why It Matters Now
The U.S. IRA, signed in 2022, offers tax credits for electric vehicles (EVs) made in North America—a move China claims sidelines its thriving EV industry. 🇨🇳🇺🇸 On Monday, China escalated its WTO complaint, demanding a formal panel to review the dispute after failed negotiations.
Trade Drama Meets Climate Goals
'The U.S. is undermining global climate efforts,' argued the Chamber, noting China's EVs have driven green innovation worldwide. 🌱 They warned the IRA's 'protectionist' rules hurt both consumer choices and supply chains—while slowing the shift to clean energy.
By the Numbers
80% of U.S. EV models lost subsidies under IRA rules, per Chamber data
March 2023: China files WTO complaint
2022: China's EV exports surged 120% year-on-year
Sun Xiaohong, a Chamber official, told reporters: 'These policies backfire. They don’t boost U.S. EVs—they just delay climate progress.' 🔌⚡
