
Mar 26, 2024
China says it has filed a complaint at the World Trade Organization over U.S. subsidies for electric vehicles
BEIJING (AP) — China filed a World Trade Organization complaint against the U.S. on Tuesday over what it says are discriminatory requirements for electric vehicles subsidies.
Starting this year, U.S. car buyers are
not eligible for tax credits
of $3,750 to $7,500 if critical minerals or other battery components were made by Chinese, Russian, North Korean or Iranian companies. The credits are part of U.S. President Joe Biden’s signature climate legislation, named the 2022 Inflation Reduction Act.The Chinese Commerce Ministry said in a statement posted online that the U.S. formulated discriminatory subsidy policies for new energy vehicles in the name of responding to climate change. It said the U.S. move excluded Chinese products, distorted fair competition and disrupted the global supply chain for new energy vehicles.
Member countries of the Geneva-based WTO can file complaints about the trade practices of other members and seek relief through a dispute settlement process.
China is the dominant player in batteries for electric vehicles and has a rapidly expanding auto industry that could challenge the world's established carmakers as it goes global. Its strength is in electric vehicles and its companies have become leaders in battery technology.
The European Union, concerned about the potential threat to its auto industry, launched its own
investigation
into Chinese subsides for electric vehicles last year.Under new U.S. rules that took effect Jan. 1, only 13 of the more than 50 EVs on sale in the U.S. were eligible for tax credits, down from about two dozen models in 2023. Automakers have been scrambling to source parts that would make their models eligible for the credits.
Lithium deposits formed by ancient volcanic activity may lie beneath parts of China’s battery manufacturing heartland, particularly along the southeastern coast, according to a new study. In an interview with the South China Morning Post, geologist Duan Zheng said that “potential targets for clay-type lithium deposits in southeastern China overlap with lithium battery industrial clusters in East and South China”. “Local supplies could significantly reduce transport costs and supply-chain risks,”...
Eswatini probably does not register on most people’s mental maps. Its relatively recent name might sound unfamiliar as many people still know it as Swaziland. That it demands attention from pundits like yours truly has much to do with it being the only African country that still formally recognises Taiwan. It is also the continent’s only absolute monarchy. The two facts are closely connected. Recognising Taipei makes little sense when every one of eSwatini’s neighbours recognises Beijing, but it...
Alibaba has won a preliminary court order blocking a US restriction that drove away its Washington lobbyists, after a federal judge found the Chinese technology giant was likely to succeed in challenging the measure on free-speech grounds. US District Judge Eumi K. Lee ruled on Monday that the government had failed to provide sufficient evidence to justify the restriction, which effectively forces lobbying firms to choose between representing Alibaba and clients seeking Pentagon...
The 2027 US defence bill, covering more than US$1 trillion in proposed defence spending, will be one of the most closely watched pieces of legislation when Congress returns after the midterm elections, with efforts to counter China running through nearly every corner of the text. The US House of Representatives passed its version of the bill, known as the National Defence Authorisation Act (NDAA), in July. The bill faces a tougher path in the US Senate, where a July procedural vote to begin...
Nanotyrannus was about half the length of an adult T. rex, and the two creatures coexisted during the Cretaceous period some 67 million years ago.
Stephen Cloobeck, who founded the Diamond Resorts International timeshare company and ran last year for California governor, contributed more than $23,000 to Swalwell’s congressional campaigns since 2017, federal campaign finance records show.
Venu Srinivasan and his daughter Lakshmi Venu have initiated caveats against each other regarding family business matters. The filings occurred in Chennai’s civil and commercial courts earlier this month. While Venu and his son Sudarshan claim a previous agreement exists, Lakshmi is advocating for a fair settlement. Mallika and Lakshmi have expressed their intention for an amicable resolution through discussions.
The Supreme Court has issued a notice regarding a plea from Trinamool Congress MP Dola Sen. The plea challenges the changes made to Form 6 by the Election Commission of India. During the hearing, senior advocates presented arguments on the perceived tampering of electoral roll forms. The Election Commission defended its actions, asserting that decisions were made unanimously.
The proposed changes seek to bridge the gap between official land valuations and market prices across Delhi’s districts and localities
The reports assess the progress countries have made towards tackling climate change and achieving the goals of the Paris Agreement. Countries are investing in the clean energy transition, adapting to the impacts of climate change and building resilience, and there are international financial flows to climate action, the reports said.