Ministry of Commerce: China expressed concern about discriminatory electric vehicle subsidies in the U.S. "Inflation Act"

Cover news reporter Teng Yan

On September 22, the Ministry of Commerce held a routine press conference. At the meeting, some media asked questions that the United States' "Inflation Act" has officially become legislation. The bill stipulates the new energy vehicle models that can enjoy tax credits. For example, the specific percentage of the raw material of the car battery must come from the US free trade agreement partner or recycle in North America. Some economies have worried about some discriminatory factors in the bill. What are the evaluations of the Ministry of Commerce?

A spokesman for the Ministry of Commerce, Shu Jingsing, said that China expressed concern about the discriminatory electric vehicle subsidy terms in the "Inflation Act Act" recently passed by the United States. Related measures are based on the premise of providing subsidies such as local assembly in North America, forming discrimination against other imports of similar products, and suspected of violating the principles of the most beneficial benefits of the WTO and national treatment. We noticed that other members of the WTO have expressed serious concerns about the US measures.

Shu Jingsing emphasized that the United States, as a member of the WTO, should implement relevant investment policies in a manner in accordance with the rules of the WTO and safeguard the trade order of fair competition. China will continue to track the follow -up implementation of US legislation, and will take measures to safeguard their legitimate rights and interests if necessary.

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