China opens WTO dispute against US subsidies to protect its EV industry:
reuters.com/world/china-opens-dispute-against-us-wto-over-discriminatory-subsidies-2024-03-26/
Quick Glance: China initiates WTO dispute over discriminatory subsidies for the EV industry
- China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, as confirmed by the Chinese mission and the WTO.
- The U.S. is accused of providing "discriminatory subsidies" under the U.S. Inflation Reduction Act, leading to the exclusion of goods from China and other WTO countries.
- The comprehensive legislation offers billions of dollars in tax credits to support consumers in purchasing electric vehicles and companies in producing renewable energy, aligning with President Joe Biden's efforts to decarbonize the significant U.S. power sector.
- China emphasized that the proceedings were launched to protect the legitimate interests of the Chinese electric vehicle industry and to ensure fair competition on the global market.
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| Last Updated | Mar 27 |
| Total Articles | 10 |
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China To Sue US at WTO Over Electric-Vehicles Subsidies: China will sue the US at the World Trade Organization over rules that discourage electric-vehicle ...
bloomberg.com/news/articles/2024-03-26/china-files-wto-complaint-over-us-electric-vehicle-subsidies
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China files WTO complaint over US electric vehicle subsidies: The US Inflation Reduction Act (IRA) "formulates discriminatory subsidy policies for new energy ...
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China opens dispute against US at WTO over 'discriminatory subsidies'
deccanherald.com/world/china-opens-dispute-against-us-at-wto-over-discriminatory-subsidies-2952901
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China To Sue US at WTO Over Electric-Vehicles Subsidies: China will sue the US at the World Trade Organization over rules that discourage electric-vehicle ...
bloomberg.com/news/articles/2024-03-26/china-files-wto-complaint-over-us-electric-vehicle-subsidies
Paid articlePaid China files WTO complaint over US electric vehicle subsidies: The US Inflation Reduction Act (IRA) "formulates discriminatory subsidy policies for new energy ...
thedailystar.net/business/news/china-files-wto-complaint-over-us-electric-vehicle-subsidies-3576036
China opens dispute against US at WTO over 'discriminatory subsidies'
deccanherald.com/world/china-opens-dispute-against-us-at-wto-over-discriminatory-subsidies-2952901
TikTok ban: ByteDance would rather shut app down than sell, insiders say: TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell ...
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Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
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- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
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Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
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- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
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